TomD

In the instructions on form I-864 it states that you can use your assets to qualify yourself as a sponsor. It further state "The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner's claim of its net cash value." Then is goes on to say "You may include the net value of your home as an asset. The net value of the home is the appraised value of the home, minus the sum of any and all loans secured by a mortgage,trust deed, or other lien on the home. If you wish to include the net value of your home, this, you must include documentation demonstrating that you own it, a recent appraisal by a licensed appraiser, and evidence of the amount of any and all loans secured by a mortgage, trust deed, or other lien on the home." My question is yearly we get tax assessment on Real Property from our county Tax Assessors office. As part of that assessment they establish the property value and break it down into land and improvement values. Can the current Tax Assessment be considered an appraisal as it establishes a basis of value? This also is a government entity and process performed through out the USA which is used to establish value of real estate. Additionally those assessment are typically less than the actual value of a licensed appraiser?