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Re:Zillow faces lawsuit over ‘Zestimate’ tool that calculate... by BeetleB on Wednesday May 10, 2017 @07:13PM (#14312583)
Then it likely varies from state to state - or county to county.

See http://www.investopedia.com/articles/tax/09/calculate-proper... for different methods used. As an example, some places merely look at the cost of replacing the house if destroyed.

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