3(b) A residential property-Relevant Monetary Purchases Requiring an appraisal by a state-Official Appraiser
Part 722.3(b) of latest rule refers to the real house-relevant financial purchases for which an assessment performed by your state-official appraiser becomes necessary.
The fresh advised rule increased the newest threshold where commercial a residential property-related monetary transactions is excused out-of assessment standards of $250,000 so you can $1 million. Of the 87 comments acquired from the suggested laws, 66 was basically opposed to this new suggested $one million tolerance and you will 21 offered new tolerance.