What is property assessment and how a property can be assessed?

In a property assessment, an inspector will see and document your property's condition as per the interior and exterior, as well as report the visible damaging conditions of the property. To determine any property's market value the assessor must be aware of all the regional real estate markets. An inspection report usually contains: A precise report of the property condition. Documenting issues like roof damages, floor damages, etc Anything that occupant neglects that can be weak floors, water intrusion, presence of mold, etc Exact photo documentation