We can use the higher of the two values.
If the Zillow value is more than 25% higher, a BPO will need to be ordered or use the RMV for the value.
The RMV can be found on their Tax Statement they receive from the County the live in.
How to calculate-
Take the Zillow value, and multiple it by 0.25. This should give you 25% of the highest value.
You can then take the Zillow value and subtract it from the RMV. If the amount you end up with is the same as or higher than the number you calculated, then a BPO would be required as it's a 25% or higher difference.
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Example 1- RMV- $397,000 and Zillow- $469,000 $469,000 x 0.25 = $117,250 $469,000 - $397,000 = $72,000 The value is not 25% higher |
| Example 2- RMV- $197,000 and Zillow- $271,000 $271,000 x 0.25 = $67,750 $271,000 - $197,000 = $74,000 A BPO would be required as the difference is about 27.8% |