Why do tax appraisers not appraise a property based off of its real-world valuation at the time of appraisal? Why is there such a huge disparity between tax appraisers and real-estate appraisers for sale?
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Tax appraisers are constrained by the laws of tax assessment. These laws vary widely: from CA where the value can’t change unless the property is sold (thanx Prop 13), to other places where only the value of the structure is appraised, to places where the change is capped to X% per year.
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