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You are doing it correctly. You use the ratio (percentage) of the assessment, to the actual cost to compute the value. This is one acceptable method to do this.
Another is the appraisal, if you got one when you purchased the property.
Nice job!
You are doing it correctly. You use the ratio (percentage) of the assessment, to the actual cost to compute the value. This is one acceptable method to do this.
Another is the appraisal, if you got one when you purchased the property.
Nice job!
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