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Subject:  Re: Loss on rental house Date:  11/26/2012  9:13 AM
Author:  TMFPMarti Number:  116975 of 123001

In WA State, where I am, the County Assessor is required to assess at 100% of full market value each year. It would seem that the IRS would have to go through a LOT of effort to disallow that figure.

Well, that would depend on how accurate the Assessor is. Kansas has the same requirement, and my father always played a game with the neighbors when the new assessed values were published in the paper, and the neighbors would start griping about how overstated the value (used as the starting point for tax assessments) was.

"Would you sell today f