When appraising real estate, the Appraiser generally applies the three generally recognized approaches to value. This leads to three separate indications of value.

Residential and rural properties are generally appraised using comparable sales. Commercial Properties are generally appraised using the income method. Replacement is used if there is no income or comparable sales.

These values are then reconciled to arrive at a final value conclusion.

Properties under a Tax appeal must be appraised according to the mass appraisal system, and conform to State laws and Administrative Rules. Values based on market sales are established for each property.

Wimborne & Summertree LLC can provide you with an appraisal of market value, or tax appeal, for all residential and commercial property.