How to Assess the Market Value of Property. The market value of property is the price that a piece of real estate could sell for in the current market situation. Whether you are buying or selling ...

This is the preferred method with a special-use property, for which it’s difficult to find direct comparisons. The procedure is to estimate the value of the land, assuming it were vacant.

What if You Disagree With Your Property Tax Assessment? As a homeowner, you have the right to contest your property’s tax assessment and obtain a formal reassessment.

How to Assess Business Property. Whether you are buying a selling a business property, which may also be known as a commercial property, you need to assess the value of the property.

Here's how property assessments and property taxes are produced, what it could all mean for you and your family and what you can do about it.

Lastly, you’d need to consider depreciation to factor in how much the value of the property would have reduced over its lifespan.

That would then be the value of the property to you, and although it might be vastly different from the seller’s perspective, it’s what you’ll have to work with if you’re to make ...