If your property has an estimated value of $100,000,000, the appraisal cost would be: divide $100,000,000 by one thousand to calculate the part of a thousand, in this example it would be $100,000 multiply by 1.5 would then be $150,000 but it is not enough to be more than the minimum, therefore the final cost would be $250,000.
Your property has a value of $250,000,000, so the calculation would be 1.5 x $250,000, equal to $375,000, which would be the final value of the appraisal.
The appraisal is usually delivered in two business days if it is within the city and can take one or two more days if it is in a rural area. A complete report is delivered with a copy of the evaluator’s license where its validity can be certified.
