I received the house by a quit claim deed. I need to know its value, because I will have to pay capital gains tax.
2007-01-19 12:34:03 · 11 answers · asked by Maggie Mae 1 in Business & Finance ➔ Renting & Real Estate
Go to the Assessors office in the town the home is located and ask them to look up and find out what the assessment was in that year and what percentage to value it had then.
2007-01-19 12:54:40 · answer #1 · answered by jazzpaging 5 · 0⤊ 0⤋
Most licensed Realtors would be happy to do a Broker Price Opinion for you. We do these for lenders all the time. It's way cheaper than an appraisal but pretty accurate as far as market value. Plan on spending $50-100 (depending on whether the agent drives by the house or goes inside.)
2007-01-19 20:47:33 · answer #2 · answered by operababe_61 3 · 1⤊ 0⤋
You've been paying taxes on this property for 25 years. Look at your tax assessments for the value.
2007-01-19 20:41:42 · answer #3 · answered by Lisa A 7 · 0⤊ 0⤋
what year was the house quit claim over to you? who has paid the taxes since 1982? I would start with the county tax assessor office.
2007-01-19 20:41:07 · answer #4 · answered by D S 4 · 1⤊ 0⤋
You could call a reputable loan company and explain you situation they have on staff appraisers (its going to cost you a few bucks- but what the heck at least you'll know the worth of your property. Why would you need to pay capital gains?
2007-01-19 20:41:05 · answer #5 · answered by sylviavnpttn 5 · 0⤊ 1⤋
you can try looking it up from the city they come around and assess property for tax purposes where we live i can get that information on the net thru a property tax site by putting in my address or last name, or you could pay for an appraisal
2007-01-19 20:42:12 · answer #6 · answered by J M 2 · 0⤊ 0⤋
I don't know how you would find out the exact worth of the house .. but if you have 3 different Realtors, (from 3 different agencies), out to your house .. you could get a pretty good average as to what they feel your house would currently be worth .. or sell for now. Good Luck ! :)
2007-01-19 20:56:34 · answer #7 · answered by tysavage2001 6 · 1⤊ 0⤋
E-mail a local real estate agent to give you a free CMA (Comparable Market Analysis) of your home. For a rough idea, you can try zillow.com.
Regards
2007-01-19 21:38:08 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Go to court house to the county assessors office and see what they are basing the taxes on.... it is usually pretty close.
2007-01-19 20:41:37 · answer #9 · answered by sushihen2 3 · 0⤊ 0⤋
zillow.com list most property values in most areas, check there.
2007-01-20 01:56:03 · answer #10 · answered by love_2b_spoiled 1 · 0⤊ 0⤋