Eagle Home Appraisal Mt Holly
Tax-basis appraisal requests in Mount Holly.
If your tax adviser needs the value of an inherited house as of a past date, we can look back and write that up. This page is about that kind of request.
Mount Holly, New Jersey
Your tax adviser sets the date.
Tell us the date and what it is for. We work out what the house was worth then. Your tax adviser decides what that means for the estate or the heir.
What it sells for today may not be what it was worth then
A house that sold later may have been repaired, cleaned out or remodeled first. The market may also have moved. We have to separate all that from the house and the market as they stood on your date.
In Mount Holly, older layouts, additions and putting off repairs can change which sales are fair comparisons. Dated photos and old listings help us show how the house looked.
Pull together what you can
Photos, renovation bills, an earlier appraisal or listing, and a rough list of what was done and when are all useful. If a date is a guess, say it is a guess. Send what you know and what you do not; you do not need to fill every gap yourself.
Give us the full street address, and the block and lot if you have them.
Check with the person who will use it
Ask your accountant, attorney or estate representative for the valuation date and any instructions on how the report should be written. Then we confirm who it is for, the fee and the delivery estimate before we start.
Ask about a value from a past date. There is more on the estate appraisal page.
A few questions that come up.
Does an appraisal establish my tax basis?
It gives an opinion of what the house was worth on the date you chose. Your tax adviser decides how that figures into your taxes.
Can you use a date from several years ago?
Often. Send the date and whatever records you have. What we can say depends on what we can find out about the house and the market at that time.
Eagle Home Appraisal Mt Holly