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what is the RMV real market value?

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what is the RMV real market value?

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Real market value is “ Real market value (RMV) is typically the price your property would sell for in a transaction between a willing buyer and a willing seller on January 1, the assessment date for the tax year. To estimate the initial RMV for your property, your county assessor appraises your property using a physical inspection and a comparison of market data from similar properties. For ensuing tax years, your county assessor may study trends of similar properties to update the RMV for your property. Some property, such as farm or forest property, may be subject to special valuation processes.” http://www.oregon.gov/DOR/PTD/IC_303_670.shtml Zillow does not have RMV’s available, but they have a Zestimate of value based on other factors. You can get the Zestimate and other information about your house by going to the front page www.zillow.com entering your address in the empty box next the the “Find Homes” menu and hitting the bule GO button. A map with values should come up if Zil

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