What is fair market value on homes in Sheboygan, WI?
Answers (1)
FIRST ANSWER
This would depend on the home in question. Each property has its own fair market value (FMV). The FMV is typically used by the city as an estimated property worth so that they can set a assess a proper tax.
If you're a home buyer, I wouldn't put a lot of weight behind the FMV in determining how much to offer on a home. The market is fluctuating quickly at the moment, and recently sold comparable home prices would be the best data source for determining a reasonable amount to offer.
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