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From: slb@drutx.UUCP (Sue Brezden)
Newsgroups: net.consumers
Subject: Re: bidding on a house (taxes)
Message-ID: <50@drutx.UUCP>
Date: Sat, 28-Sep-85 21:04:43 EDT
Article-I.D.: drutx.50
Posted: Sat Sep 28 21:04:43 1985
Date-Received: Mon, 30-Sep-85 00:42:04 EDT
Organization: AT&T Information Systems Laboratories, Denver
Lines: 29

>     If you are going VA then use the appraised value the VA put on it or
>     go to your local governmental hall of records and find out what the
>     taxes were last year. I believe (If I'm wrong correct me please) taxes
>     are 1% of value appraised.

Not necessarily true.  This depends totally on the area and what taxes
have been levied there.  There are high tax areas and low ones.  You should,
however, find out the mil levy before you buy anyway--so you can make the
calculation.

In addition, I understand (someone correct me if I'm wrong) the appraised 
value of a house bears little relationship to the actual value.  The tax 
appraisal was probably done 10-20 years ago and is out of date.  In addition, 
appraisals are very general, usually based only on number of rooms, size, 
and a few other variables.  They are not accurate enough to make offers on.

-- 

                                     Sue Brezden
                                     
Real World: Room 1B17                Net World: ihnp4!drutx!slb
            AT&T Information Systems
            11900 North Pecos
            Westminster, Co. 80234
            (303)538-3829 

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