https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204528#M11572 <DIV>We've just gotten our offer accepted, and now are going through inspection, appraisal, etc.&nbsp; We are going through FHA and Ameridream, so I know how important the appraisal is.&nbsp; Zillow shows the house at about 6500 over our purchase price, and the tax appraisal is just under our offer (within 1,000, but I don't remember exactly what).</DIV><DIV>&nbsp;</DIV><DIV>How reliable are these?&nbsp; Are comps a better estimate?</DIV><DIV>&nbsp;</DIV><DIV>How do they determine it anyway?&nbsp; Comps, house info, sales history, upgrates, etc.&nbsp; Not sure how that even works!</DIV><DIV>&nbsp;</DIV><DIV>&nbsp;</DIV><DIV>-iwannahouse</DIV> Tue, 08 Apr 2008 00:27:09 GMT Anonymous 2008-04-08T00:27:09Z https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204528#M11572 <DIV>We've just gotten our offer accepted, and now are going through inspection, appraisal, etc.&nbsp; We are going through FHA and Ameridream, so I know how important the appraisal is.&nbsp; Zillow shows the house at about 6500 over our purchase price, and the tax appraisal is just under our offer (within 1,000, but I don't remember exactly what).</DIV><DIV>&nbsp;</DIV><DIV>How reliable are these?&nbsp; Are comps a better estimate?</DIV><DIV>&nbsp;</DIV><DIV>How do they determine it anyway?&nbsp; Comps, house info, sales history, upgrates, etc.&nbsp; Not sure how that even works!</DIV><DIV>&nbsp;</DIV><DIV>&nbsp;</DIV><DIV>-iwannahouse</DIV> Tue, 08 Apr 2008 00:27:09 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204528#M11572 Anonymous 2008-04-08T00:27:09Z https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204588#M11575 <DIV>Wow..that's strange.....I wonder if it varies &nbsp;from area to area...</DIV><DIV>&nbsp;</DIV><DIV>The property I'm interested in is the same price on both zillow and the tax appraisers office......</DIV><DIV>&nbsp;</DIV><DIV>Sale price $110</DIV><DIV>&nbsp;</DIV><DIV>Zillow/Tax Appraiser $154</DIV><DIV>&nbsp;</DIV><DIV>I liked the site trulia.com as well...it showed me comp, previous sales price, tax info,&nbsp;and other useful info about this particular condo</DIV> Tue, 08 Apr 2008 01:47:38 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204588#M11575 Anonymous 2008-04-08T01:47:38Z https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204624#M11578 <DIV>We purchased for 132,500.&nbsp; Zillow now says 138,000 (was 139,000 last month), and the tax appraisal was 131,750.&nbsp;&nbsp;I thought I heard that tax appraisal is usually lower than bank appraisal, but I'm not sure if that is a regional thing...</DIV><DIV>&nbsp;</DIV><DIV>-iwannahouse</DIV> Tue, 08 Apr 2008 02:19:37 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204624#M11578 Anonymous 2008-04-08T02:19:37Z https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204646#M11579 Zillow says 142k, we are buying for 137k and tax appraisal is 124k. It has always been my understanding that FMV is much higher than Tax assessed value. Tue, 08 Apr 2008 02:45:16 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/How-accurate-is-zillow-or-county-tax-appraisal/m-p/204646#M11579 Anonymous 2008-04-08T02:45:16Z