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INSTRUCTIONS As per CGS 1263, the assessor must determine the present true and actual value and in determining such value may use the accepted methods of comparable sales, cost less depreciation and
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01
Gather all relevant information about the property such as location, size, amenities, condition, and recent sales of similar properties in the area.
02
Determine the market value of the property by researching online databases, hiring a professional appraiser, or using valuation tools.
03
Consider any additional factors that may affect the value of the property such as renovations, upgrades, or potential for future development.
04
Fill out the valuation form accurately and thoroughly, providing supporting documentation where necessary.
05
Double-check your figures and calculations to ensure accuracy before submitting the valuation report.

Who needs valuing residential property in?

01
Homeowners looking to sell their property
02
Real estate agents assisting with buying or selling properties
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Property investors evaluating potential investments
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Banks and lenders determining loan amounts for mortgages
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Valuing residential property is determining the worth of a residential property for various purposes such as taxation, insurance, or sale.
Property owners or their representatives are required to file valuing residential property.
To fill out valuing residential property, property owners need to provide detailed information about the property including location, size, condition, and recent comparable sales in the area.
The purpose of valuing residential property is to accurately determine the market value of the property for taxation, insurance, or sale purposes.
Information such as property address, owner's name, property size, condition, recent sales in the area, and any improvements made to the property must be reported on valuing residential property.
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