Posted by LeonNC on May 18, 2000 at 23:46:26:
The tax assessed value should not be used to determine the fair market value of a home. These numbers are inaccurate and most of the time outdated. You could ask the tax assessor when was the last time the house was assessed. Not that it should have any bearing on your evaluation of what the house is worth but if it was recent it might at least get you in the ballpark.
Like YOU said you need to get recent and nearby comparable sales. You might do an Internet search to see if the county you are looking in has its tax records online. I have two nearby counties online and one even allows me to look up comparable sales. Another way would be to establish a relationship with a Realtor and ask them to get you the comps. If you want access to the mls or multiple listing service you can sometimes become an affiliate member which means you don’t have to be a Realtor, appraiser, morgage broker, or whatever. Another way is to get the counties tax records on CD. This is available from a company that I have listed somewhere and you can also call the county assessor and ask them who does thiers.
I hope this helps.