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Pennsylvania property value

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What's Your Home Worth?

What's Your Home Worth?

A real estate appraisal is a service performed, by an appraiser, that develops an opinion of value based upon the highest and best use of real property. The highest and best use is that use which produces the highest possible value for the property. This use must be profitable and probable. Also of importance is the definition of the type of value being developed and this must be included in the appraisal, ie fair market value, condemnation value, quick sale value, etc. The most common type of value sought being the fair market value.

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At a recent forum sponsored by the Pennsylvania Fair Tax Coalition, one speaker after another sang the praises of the land value tax.

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In Pennsylvania Fair Market Value or market value was defined by the court for us.

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