Bayou Vista Texas Real Estate Appraisals

Your appraisal does not impact your future real estate tax bill. The report is shared only between the client and the appraiser, as well as your bank if you are taking out financing. Your real estate taxes are estimated by a local tax collector each year. However, if you chose to enlarge your house or do any extensive remodeling that need building permits, the tax authority may be triggered to perform a new valuation of your home’s value. A house appraiser is mandated to preserve confidentiality with the client, which would typically be you (if you ordered the appraisal) or the lender (in a mortgage related appraisal), not the local tax authorities. The only time an appraisal value would indirectly impact taxes would be in the situation of a purchase and that would only be if you purchased for the price of the appraisal.

It’s certainly a worry. Buyers often look at the curb appeal of a home and having a unsightly home beside you could influence their view. This would be noted as an external obsolescence and would have a negative impact on your house’s value. But in reality, it will prove largely difficult for the appraiser to assign a dollar value for this feature, so they might only document it on the report but not actually subtract value.

“Highest and best use” is most often the utilization for a home that leads to the highest value. It is that usage, selected from reasonably anticipated and legal alternative uses, which are found to be physically possible, reasonably supported and financially achievable to conclude the highest possible value.