Why would a party buy a property for 4 times it's assessed value?
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Among other details here, this
The buyer, Nongfu Spring, is China's biggest packaged water supplier.
seems a bit disconcerting.
@ShiroKuro said in Why would a party buy a property for 4 times it's assessed value?:
Among other details here, this
The buyer, Nongfu Spring, is China's biggest packaged water supplier.
seems a bit disconcerting.
Of all our resources, fresh water should be the most protected.
“I refuse to answer that question on the grounds that I don't know the answer”
― Douglas Adams -
@ShiroKuro said in Why would a party buy a property for 4 times it's assessed value?:
Among other details here, this
The buyer, Nongfu Spring, is China's biggest packaged water supplier.
seems a bit disconcerting.
Of all our resources, fresh water should be the most protected.
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@Mik said in Why would a party buy a property for 4 times it's assessed value?:
Of all our resources, fresh water should be the most protected.
Yes indeed!
@ShiroKuro said in Why would a party buy a property for 4 times it's assessed value?:
@Mik said in Why would a party buy a property for 4 times it's assessed value?:
Of all our resources, fresh water should be the most protected.
Yes indeed!
Agreed!
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I don't know what assessed value means in Nassua, NH. Here in Pennsylvania, assessed value for property tax purposes is often set at a base year and can differ wildly from current market value. It would be helpful for this discussion to know what the basis for this assessment actually is.
Big Al
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I don't know what assessed value means in Nassua, NH. Here in Pennsylvania, assessed value for property tax purposes is often set at a base year and can differ wildly from current market value. It would be helpful for this discussion to know what the basis for this assessment actually is.
Big Al
@Big_Al said in Why would a party buy a property for 4 times it's assessed value?:
I don't know what assessed value means in Nassua, NH. Here in Pennsylvania, assessed value for property tax purposes is often set at a base year and can differ wildly from current market value. It would be helpful for this discussion to know what the basis for this assessment actually is.
Exactly. I totally get what you're saying here, and I quite share the sentiment. I am just too lazy to research how the "assessed value" was determined in this case. This is not a residential property, so I cannot just go to Zillow and look up the "assessed value."
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From Nashua's "Understanding Property Assessments" page,
Determining the market value of a property involves assessing the price most people would pay for it in its current condition. To establish the fair market value, the assessor considers factors such as the selling prices of similar properties, replacement costs, operational and maintenance expenses, potential rental income, and various other elements influencing its worth. Additionally, the assessor examines factors like the current interest rates for borrowing money to buy or build on similar properties in the area.
Continuous analysis of sales and trends is essential, and these findings are applied to specific neighborhoods. Fair market value, more precisely, is defined as "the most probable price in terms of money in a competitive and open market, assuming that the buyer and seller are acting prudently and knowledgeably, allowing sufficient time for the sale, and assuming that the transaction is not affected by undue pressures."
