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Property Assessment

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.