October 4, 2011
Appraisal
Minnesota has what is known as an ad valorem property tax, which means property taxes are divided among taxable properties according to their value. Assessors gather data from Oct 1st, 2010 through September 30th, 2011 (known as the sales study period) to calculate the “market value” for January 2nd, 2012. Homeowners have between April 1st, 2012 and […]
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September 10, 2011
Appraisal
I recently had a conversation with a very seasoned loan broker who told me, “…appraisers don’t have much to worry about when it comes to appraising, because it’s just your opinion”, meaning how can anyone really challenge an opinion of value. In one respect he’s correct, it’s not the opinion of value that is challenged, […]
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