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There can be more to valuing the property after a natural disaster than just subtracting the amount of repairs from the subtracting the repairs. Many factors can determine the property value such as market fluctuations, community recovery, and the insurance and repairs. When determining the property value you will need to look at all factors to come up with the value. Many also look at comparable home values in the area as well. The main thing is that the property assessment estimate is reasonable for the area that was affected.
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March 30, 2025
3:29 PM