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When trying to understand what your property is “worth,” two numbers often come up: tax assessed value and market value. They sound similar, but they serve different purposes. Knowing the difference can help you plan for property taxes, make smarter refinancing decisions, and set realistic expectations if you’re considering a sale. 1. What Is Tax Assessed Value? Tax assessed value is the value your local

The commercial real estate appraisal landscape has undergone a seismic shift since COVID-19 reshaped how we work, shop, and invest. Economic volatility, evolving property use patterns, and recalibrated investor expectations created a perfect storm of challenges for today’s appraisers. For professionals navigating this new terrain, understanding these obstacles isn’t optional—it’s essential. Here’s an in-depth look at the eight major forces reshaping the CRE appraisal environment

Charleston’s commercial property market is experiencing unprecedented growth driven by a population influx, a booming economy, and a median household income that’s well above the national average. The city’s strategic advantages—including the deepest waterway on the East Coast, major employers like Boeing and MUSC, and $14.03 billion in annual tourism revenue—are positioning Charleston as a commercial real estate leader. When appraising properties, it’s essential to

Explore key factors that drive agricultural land values. Irrigation is a major factor that increases profitability, but we also examine how commodity prices, land supply constraints, institutional buyers, and interest rates collectively influence agricultural real estate markets. All combined, these economic forces are shaping farmland values in today’s market. Irrigation One driving force for agricultural land prices is whether the property is irrigated. Consequently, irrigated