Memphis Reappraisal Logic

We are researching commercial property sales for our clients to help them get their reappraisals where they NEED to be.

Here's what we're finding.

In 2005 many properties seem to have been appraised BELOW the market. In fact we're seeing many appraisals at 80% - 85% below market sales in 2005.

Now in 2009 we're seeing appraisals coming in AT or ABOVE the market. Not a good time to tell people their properties are worth more than they really are nor is it a good time to use a different standard of valuation.

The assessor's office has provided a system to resolve these issues.

Are you unhappy with your reappraisal? Take the first step, file for an informal review as soon as possible. If you need the comparable sale data go to www.memphiscomps.com