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Blanket assessments are made in a community to re-assess the property tax. Little time is allowed for this approximation of value and inaccuracies often creep in. It’s not unusual that a multiplier factor is used to adjust property values.

Municipalities reappraise the homes within their borders by hiring blanket appraisal companies. This is done in a bidding process and the low bid wins. If the bid allocation was only $38 per home and the blanket appraiser needed to make a profit, how much time can actually be spent per home? The people the appraiser hires are time-pressed to make their observations.

How do you know when you are ready to be a homeowner? There is a lot more to this question that you might thing. For instance, the true cost of home ownership will be much more than your mortgage payments. If you want to shop for your own house, please take the time to figure out how much it willreally cost you in the long run. Then you can make an informed decision.

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