GEOLINE use its considerable experience to handle any kind of property assessment finding out the fair value of a property in its present condition.
This value can be estimated in three different ways:
Market approach (comparing property to recently sold similar properties).
Cost approach (calculating the cost to replace a structure with a similar one using today’s labor and material prices).
Income approach (analyzing how much income a property will produce if rented).
Property assessment values may increase or decrease for a variety of reasons including changes in economic conditions, structural alterations and re-zonings.