You're right! No one understood the question including myself until you furnished the link.
Sorry ..I can't explain property 'status:assessor'.
Perhaps it's a the term /identification is only used in Trulia.
The assessor is the tax assessor from your town's city government that determines the value of your property for tax purposes. In most towns, you can visit the tax assessor's office to find out if they have all the correct information about your property such as: square footage, # of bedrooms, baths, acreage, etc.. I hope this is helpful.
Prudential CT Realty
Diane Wheatley, Broker
I was trying to find another and did noting a day later it showed off market.
I Wish you well in your home pursuits
Mark C Home Inspector
Hope this helps.
This does not apply to sales, so if your value drops 10% in six months it will not be reduced by calling the assessor with comps suggesting a lower value, u would have to wait until the year rolls around.
I worked as an appraiser for a few years and strange as it may seem we look to the past for current values and realtors look to the future for their values. The assessor uses a similar formula which may or may be a
good way to do it
I have furnished 'comps' [other homes that compare to the one in question] to several clients who have successfully gotten their taxes reduced based on these comps and their purchase price.
in your local goverment who usually has run for the office every 2 or 4 years and good luck
trying to get them to changes your taxes when the value drops.....
An assessor works for the town to determine the value of a particular home. In my are,a this assigned ASSSESSED VALUE is calculated by taking into consideration the lot size, a room count, home sq. footage, age of home, sale price of neighboring homes, updates the home has and whether the home is on a quiet or busy street. Once this VALUE has been determined, the local TAX RATE is then applied. [each town has a different tax rate] to reach the TOTAL TAX BILL per year.
Example: A $700,000 tax assessed valued home will be calculated by:
7000 x $1.79 [tax rate] = $12,530 [total property tax bill]
Hope this helps and best of luck,
On another note: these assessed values are not always the final word. They can be challeged IF you feel the value is not accurate. This becomes more complicated and requires further discussion. Let me know if you'd like more info.
I hope that your home search is going well.
Everyone else pretty much answered your question for you - an assessor works for the city or town to figure out how much the property is worth for tax purposes. Their data can include the parcel number, lot, block - all referring to location as well as dimensions and so on. The important thing to remember is that there is a difference between and ASSESSED value and an APPRAISED value. If you plan to finance your purchase then the assessed value is nice to know but it's not what your lender will use to value the property. An appraisal will be used for that and will be based on more current market data and details the assessor may not consider in their valuation.
Let me know if I cam be of more help!
I'm not sure what you're looking at however a real estate agent may list something such as the square footage of a home or dimensions of a lot and put assessor after it. If the information was verified from the assessor's information that is when they would use that.