How are appraised values established?

Category: Real Property Questions

Your property value is based on these two key factors:

  1. Your property’s current use (such as home, business, unimproved land, etc.).
  2. Your property’s characteristics: Location, Improvement Size (Total Living Area), Age (Effective Age of Property), Quality of Construction and Amenities (such as bathroom count, garage, carport, view, etc.)