When tax season approaches, getting your home appraised can save you money. Real estate appraisers can determine the true value of your home to make sure that the amount of property taxes you owe is just. They compare both the size and condition of your home with those surrounding it to assess the fair market value.
Size
One feature of your home appraisers look at when analyzing comps is its size. If your house is larger than those in the neighborhood, it will likely appraise for more.
Condition
Real estate appraisers also compare the state of the homes in the area. When a home needs several repairs or updates in comparison to others on the block, its value is often marked as less.
You want to make sure your property taxes are as accurate as possible. An appraiser can help.