You'll need to sign in or create an account to connect with an expert.
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!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
theleeb
Level 2
PostOffice1102
New Member
zomboo
Level 6
g213
Level 1
vhmal5pro
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.