Real Estate Values

[ConnieJones]

I need to find the land value of some acreage in Talladega County, Alabama. Land was inheirated in 1972 and then sold in 1999. I need the land value in 1972 for tax purposes. Can you tell me where to obtain this information.

 

[ALawyer]

Look at the value on the estate tax return if one was filed in 1972, and if not, ask for a guess by a real estate broker who was around then. Unless the value of the land or estate is major, it is doubtful that a good faith estimate would be challanged by IRS.

------------------
This is intended as general information only and NOT LEGAL ADVICE. You are not my client, and I have no obligation of any kind to you. To retain a lawyer, go to http://AttorneyPages.com