post again and narrow down with some more specifics and you'll get better responses.
When looking at Condos...keep in mind a few extra important items: Home owners association aka HOA dues (again these vary widely) Strengthof HOA (its important to know if the HOA is in good shape)
Market value vs Assessed Value: Assessed values were established back in the 90's and then are increased by a max of 3%/ yr. In most cases the assessed value is still much lower than market value.
Keller Williams Portland Premiere
Carla Muss-Jacobs, Principal Broker/Owner
EBA Portand, LLC
Exclusive Buyers Agent
County market value vs real market value is a much more difficult thing to discuss; Multnomah County's tax determination is one of the more arcane arts and you could take a Master class and still not be able to explain it.
Hope this helps!
Your second question is more difficult. Only the tax assessor knows for sure about the correlation between the actual market value and the County's market value. Some properties show a County market value that is very close to the actual market value, while others are way off the mark.
I would be happy to talk with you further about the specifics of the property you have in mind.
Real Estate Broker, J.D.
The Portland Home Team
Keller Williams Realty Professionals
9755 SW Barnes Rd. Suite 560
Portland, OR 97225
Combining a lawyerâ€™s experience
with a passion for real estate.