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Whiskey, Tango, Foxtrot | Appraised value is one thing. What you actually paid can be quite a bit higher or lower, and not reflected at all in what went on the courthouse documents. Things like irrigation equipment can add or subtract to the value quite a bit, and since most of it isn't permanent, it doesn't show up on assessed value. I've seen crops growing on a place included in the value listed on a sale, so the ground itself was valued less. Take a place worth $3,000/acre and say that the four ton wheat crop @ $250/ton was bought as well, now the ground is only worth $2k for the assessor. Who knows what actually happened to said crop.
I wouldn't put much faith in anything listed publicly like that. | |
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