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Uniform Residential Appraisal Report File # The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of
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Comments and Help with appraisal form 1004

Exemption U Taxable Property Name Owner Name Name Address Street Address City State Zip Code Year Est. Realized Value Assessed $/ Year Assessed $/ Unit SCC, TCC, and Assessors A TCC If the property name is on the front of the building, the address should also be on the back of the property report. If the property name is on the back of the building, the address on the property report should be the last location listed on the front of the property. If the property name is on the left (north) side of the building, the address should be the last location listed on the back of the property report. The Assessor's address is also found on the Assessor's Profile page. This section of the site shows your Assessor's contact information, including address, phone number and email. The Assessors home page has a link to your Assessor's Profile. At this point in time, it allows you to submit a request to look up your Assessor and view a summary report and schedule. The description column on the Property Summary report can be any one of the following: Assessed value of the property, based on the Assessor's estimates of market values and tax rolls. There are four property tax rolls, which can be purchased on this website. See below that for more information. See the Assessor's Page on the Tax Roll page and the Home Page for the property for an online view of your Assessor's home page. Market value of the property (with or without annual maintenance). The Assessor's valuation is determined annually and is an estimate based on market conditions. It is used in calculating, or estimating, the yearly property tax bills. Property owners are allowed to submit their own estimates to the Assessor to help determine how the property values are really calculated. The Assessor uses these estimates, and any additional assumptions that the owner makes, to set the property's property tax rates in each year. Tax Rates The city maintains a property tax roll with information from tax rolls for all of Madison's taxing jurisdictions. This roll includes the name or tax code, the amount of assessment, the date of assessment, the current value of the assessment, and the current tax rates, which are set under the City Charter, and are subject to change each year under the Mayor's Executive Order. We cannot provide specific information on the Assessor's market value estimate for your property. You may

Who needs a Uniform Residential Appraisal Report?

A private property owner fills out the report to provide the lender/client with an accurate and adequately supported opinion of the market value of the subject property. The intended user of this appraisal report is the lender/client.

What is the Uniform Residential Appraisal Report?

The Uniform Residential Appraisal Report (URAL form or Fannie Mae 1004 form) is one of the common forms utilized for real estate appraisal. It was created for analysis of conditions and evaluation of single-family dwellings or single-family dwellings with an “accessory unit” (including a unit in a planned unit development) but is not meant to be used for appraisals of manufactured homes or condominiums. Lenders will apply for the report each time a property is purchased or refinanced. All information provided in the report is used to appraise the actual value of the property.

Is the Uniform Residential Appraisal Report accompanied by other forms?

The fillable appraisal form is not accompanied by any other forms.

When is the Uniform Residential Appraisal Report due?

While you may never see an expiration date on a real estate appraisal forms, many lenders will not accept an appraisal that is more than 120 days old because the property values are changeable.

How do I fill out the Uniform Residential Appraisal Report?

There are several boxes you will need to fill out in the Uniform residential appraisal form: 1) Property Description; 2) Neighborhood and PUD (an overview of the history of that particular area); 3) Site (covers the property specs); 4) Value; 5) Final Determination.

The report requires interior and exterior inspection of the subject property, a street map that shows the location of the subject property, an exterior building sketch of the improvements that indicates the dimensions.

Where do I send the Uniform Residential Appraisal Report?

The Certified contract must be sent to the client/lender.

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What is form 1004?
A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach. ... Basic information including address, legal description, owner's and/or borrower's names.
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