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All involved in property valuations for any purpose, but particularly for property tax purposes, will be aware of the importance of having access to up-to-date, comprehensive, reliable data concerning property transactions which form the basis for accurate valuations. It may therefore come as a surprise to some to find that parts of the USA are “non-disclosure” states in which, as the name suggests, real estate sale price data is not made public.
Here are selected extracts from a recent article on the topic. The author states: There was consternation when a listing agent publicly unveiled the sale price of a client’s recent commercial property acquisition. The client complained via social media resulting in a lively thread that saw one commenter suggest the offending discloser should be “publicly tarred and feathered, put in a stockade and pelted with rotten tomatoes.”
Click here for the IPTI website.