assessment vs. appraisal
DESCRIPTION
Some people mistakenly believed that assessment is the same as appraisal. It is not. Assessment is what the local government assess of the value of a property based on a formula. Appraisal is what professional opinion of an appraiser for the value of a specific property, which is provided usually at the request of a lender. So, big different.TRANSCRIPT
![Page 1: Assessment vs. Appraisal](https://reader036.vdocument.in/reader036/viewer/2022062614/546b4a87b4af9f8e2c8b4c26/html5/thumbnails/1.jpg)
the big difference..
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![Page 2: Assessment vs. Appraisal](https://reader036.vdocument.in/reader036/viewer/2022062614/546b4a87b4af9f8e2c8b4c26/html5/thumbnails/2.jpg)
how appraisal works.. (simplified)
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![Page 3: Assessment vs. Appraisal](https://reader036.vdocument.in/reader036/viewer/2022062614/546b4a87b4af9f8e2c8b4c26/html5/thumbnails/3.jpg)
Arlington county
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![Page 4: Assessment vs. Appraisal](https://reader036.vdocument.in/reader036/viewer/2022062614/546b4a87b4af9f8e2c8b4c26/html5/thumbnails/4.jpg)
..interpretation of DC assessment
Some. Things. Organic