UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM
10-Q (Mark
One)  xQUARTERLY REPORT UNDER
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the
quarterly period ended September 30, 2008  oTRANSITION REPORT UNDER
SECTION 13 or 15(d) OF THE EXCHANGE ACT For the
transition period from ___________ to _____________  Town
and Country Appraisal Service, Inc.  (Exact
name of small business issuer as specified in its charter)  Nevada

000-53214

26-1703958(State or other jurisdiction of incorporation or
organization)

(Commission file number)

(IRS Employer Identification No.)  John S. Chidester
Town and Country Appraisal Service, Inc.
710 Westbridge Street
PO
Box 1041
Blackfoot, ID 83221
(Address of principal executive
offices)  208-785-2474(Issuer's telephone number)  Check whether the
registrant (1) filed all reports required to be filed by Section 13 or 15(d) of
the Exchange Act during the past 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.  Yes x    No o  Indicate by check mark
whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company filer.  See
definition of accelerated filer and large accelerated filer in Rule 12b-2 of
the Exchange Act (Check one):  Large Accelerated Filer
o
Accelerated Filer o Non-Accelerated Filer o Smaller Reporting Company x  State the number of
shares outstanding of each of the issuers classes of common equity, as of the
latest practicable date: 10,000,000 shares of Common Stock, as of November 4,
2008.  Indicate by check mark
whether the Registrant is a shell company (as defined in Rule 12b-2 of the
Securities Exchange Act of 1934) (check one): Yes o   No x  Transitional Small
Business Disclosure Format (check one): Yes o  No x   TOWN AND COUNTRY APPRAISAL SERVICE, INC.  FORM 10-Q  September 30,
2008  INDEX   PART I-- FINANCIAL INFORMATIONPageItem 1
Unaudited Financial Statements
3Item 2
Managements Discussion and Analysis of Financial
Condition
7Item 3
Quantitative and Qualitative Disclosures About
Market Risk
9Item 4
Control and Procedures
10PART II-- OTHER INFORMATIONItem 1
Legal Proceedings
10Item 2
Unregistered Sales of Equity Securities and Use of
Proceeds
10Item 3
Defaults Upon Senior Securities
10Item 4
Submission of Matters to a Vote of Security
Holders
10Item 5
Other Information
10Item 6
Exhibits and Reports on Form 8-K
10   2   ITEM 1. Financial
Information  TOWN AND COUNTRY
APPRAISAL SERVICE, INC.  Balance Sheets  September 30, 2008 and
December 31, 2007  ASSETS2008

2007(unaudited)CURRENT ASSETS:Cash
$
6,130
$
-TOTAL ASSETS
$
6,130
$
-LIABILITIES AND
STOCKHOLDERS' DEFICITLIABILITIES:Accrued liabilities
$
7,130
$
-Stockholders' Deficit:Preferred stock: $0.001 par value; 1,000,000 shares
authorized; no shares issued or outstanding

-

-Common stock: $0.001 par value; 74,000,000 shares
authorized; 10,000,000 shares issued and outstanding  at September
30, 2008 and December 31, 2007, respectively

10,000

10,000Additional paid-in capital

(9,340)

(9,340)Accumulated deficit

(1,660)

(660)Total stockholders deficit

(1,000)

-TOTAL
LIABILITIES AND STOCKHOLDERS DEFICIT
$
6,130
$
-See accompanying
notes to the financial statements.   3   TOWN AND COUNTRY APPRAISAL SERVICE, INC.  Statements of
Operations For the Three and Nine
Months Ended September 30, 2008 and 2007 (Unaudited)  Three Months Ended

Nine Months EndedSeptember 30,

September 30,2008

2007

2008

2007Revenues
$
36,061
$
31,215
$
93,971
$
79,845Operating expenses:Compensation and contractor
fees

28,081

26,715

70,335

66,345General and administrative

7,980

4,500

24,636

14,160Total

36,061

31,215

94,971

80,505Net (loss)
$
-0-
$
-0-
$
(1,000)
$
(660)Net (loss) per common share - basic and diluted
$
(0.00)
$
(0.00)
$
(0.00)
$
(0.00)Weighted
average number of common shares outstanding - basic and diluted

10,000,000

10,000,000

10,000,000

9,670,000See accompanying notes to the
financial statements.  4   TOWN AND COUNTRY APPRAISAL SERVICE, INC.  Statements of Cash Flows For the Nine Months Ended
September 30, 2008 and 2007  (Unaudited)  2008

2007CASH FLOWS
FROM OPERATING ACTIVITIES:Net
(loss)
$
(1,000)
$
(660)Adjustments
to reconcile net loss to net cash provided by operating activities:Changes
accrued liabilities

7,130

-Net Cash
Used in Operating Activities

6,130

(660)CASH FROM
FINANCING ACTIVITIES:Sale of
shares

-

660CHANGE IN
CASH

6,130

-CASH AT
BEGINNING OF PERIOD

-

-CASH AT END
OF PERIOD
$
6,130
$
-SUPPLEMENTARY INFORMATIONInterest paid
$
-
$
-Income taxes paid
$
-
$
-See accompanying notes to the
financial statements.   5   TOWN AND COUNTRY APPRAISAL SERVICE, INC.  Notes to Unaudited
Financial Statements  September 30,
2008 (Unaudited)  NOTE 1 BASIS OF PRESENTATION  The accompanying interim
financial statements for the three and nine-month periods ended September 30,
2008 and 2007 are unaudited and include all adjustments (consisting of normal
recurring adjustments) considered necessary by management for a fair
presentation.  The results of operations realized during an interim period
are not necessarily indicative of results to be expected for a full year.
 These financial statements should be read in conjunction with the
information filed as part of the Companys Annual Report on Form 10-12G as filed
with the United States Securities and Exchange Commission on May 1, 2008.  The preparation of
financial statements in conformity with accounting principles generally accepted
in the United States requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements as
well as the reported amount of revenues and expenses during the reporting
period. Actual results could differ from these estimates.  NOTE 2 GOING CONCERN  The Companys financial
statements have been prepared on a going concern basis, which contemplates the
realization of assets and settlement of liabilities and commitments in the
normal course of business for the foreseeable future. Since inception, the
Company has accumulated losses aggregating to $1,660 and has insufficient
working capital to meet operating needs for the next twelve months as of
September 30, 2008, all of which raise substantial doubt about the Companys
ability to continue as a going concern.  The Company will
continue seeking business and referrals from its business contacts in Idaho. No
assurances can be given as to the likelihood of its success in obtaining new and
additional business referrals.  6   ITEM 2  MANAGEMENTS DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS  Safe Harbor
Statement under the Private Securities Litigation Reform Act of 1995  Information set forth
herein contains "forward-looking statements" which can be identified by the use
of forward-looking terminology such as "believes," "expects," "may, should" or
"anticipates" or the negative thereof or other variations thereon or comparable
terminology, or by discussions of strategy. No assurance can be given that the
future results covered by the forward-looking statements will be achieved. The
Company cautions readers that important factors may affect the Companys actual
results and could cause such results to differ materially from forward-looking
statements made by or on behalf of the Company.  These factors include the
Companys lack of historically profitable operations, dependence on key
personnel, the success of the Companys business, ability to manage anticipated
growth and other factors identified in the Company's filings with the Securities
and Exchange Commission, press releases and/or other public communications.  The following discussion
and analysis provides information which the Companys management believes to be
relevant to an assessment and understanding of the Company's results of
operations and financial condition. This discussion should be read together with
the Company's financial statements and the notes to financial statements, which
are included in this report.  This management's
discussion and analysis or plan of operation should be read in conjunction with
the financial statements and notes thereto of the Company for the nine months
ended September 30, 2008. The reported results may not necessarily reflect the
future.  Operations  We have been performing
commercial and residential real estate appraisals, principally in southeast
Idaho, since 1976. As of October 17, 2008, we had one employee, John S.
Chidester, who is currently available substantially on a full-time basis. Mr.
Chidester, who is not under contract, will devote the amount of time to us that
is necessary to perform the engagements obtained and to seek new ones.We
also use independent contractors, who are relatives of Mr. Chidester, to assist
in some appraisals. These independent contractors hold all necessary
licenses.  A summary of operating
results for the nine months ended September 30, 2008 and 2007 follows:  2008

2007Revenues
$
93,971
$
79,845Operating expenses:Compensation and contractor
fees

70,335

66,345General and administrative

24,636

14,160Total

94,971

80,505Net (loss)
$
(1,000)
$
(660)   7   Revenues -We completed 95 residential and 17 commercial
appraisals during the nine months ended September 30, 2008. We also received
revenues aggregating $15,000 from assisting three counties to prepare assessors
manuals during 2008.  In addition, we received $10,075 for one commercial
appraisal performed for the Federal Bankruptcy Court. In 2007, we did not
receive any revenues for assisting counties in preparing manuals.  Compensation and
contractor fees - consist of salary expenses to Mr. Chidester and fees to
independent contractors who are related to Mr. Chidester.  General and
administrative expenses  The principal component of general and
administrative expenses is approximately $13,500 in each period presented paid
to John Chidester in consideration for providing office space and services. In
2008, there were also $3,500 for professional fees and $1,798 for continuing
education. The change generally corresponds to the change in revenues.  Other -As a
corporate policy, we will not incur any cash obligations that we cannot satisfy
with known resources, of which there are currently none except as described in
Liquidity below.  Liquidity  We do not have any
credit facilities or other commitments for debt or equity financing. No
assurances can be given that advances when needed will be available. We do not
believe that we need funding to cover current operations because we do not have
a capital intensive business plan and can also use independent contractors, if
necessary or advisable, to assist in many projects. We will use funding, if
obtained, to cover the salary of our president and to pay for marketing
materials and proposal efforts. We currently have no formal salary arrangements
with Mr. Chidester. While no annual salary or length of employment has been
determined to date, we anticipate providing an annual salary not to exceed
$100,000 commencing with the successful completion of several engagements. The
salary will be paid out of revenues, if any, or accrued if sufficient cash is
not available to make payments.The accrual will begin after we have
generated revenue of at least $25,000.We may seek funding although have
not done so as yet.  However, we will conduct operations and seek client
engagements even if no funding is obtained. The private capital will be sought
from former business associates of our president or private investors referred
to us by those associates. If a market for our shares ever develops, of which
there can be no assurances and which is unlikely in the foreseeable future, we
will use shares to compensate employees/consultants wherever possible.  To
date, we have not sought any funding source and have not authorized any person
or entity to seek out funding on our behalf.  We are now subject to
the reporting requirements of the Exchange Act of 1934 and will incur ongoing
expenses associated with professional fees for accounting, legal and a host of
other expenses for annual reports and proxy statements. We estimate that these
costs may range up to $50,000 per year for the next few years and will be higher
if our business volume and activity increases but lower during the first year of
being public because our overall business volume will be lower, and we will not
yet be subject to the requirements of Section 404 of the Sarbanes-Oxley Act
of 2002. These obligations will reduce our ability and resources to fund other
aspects of our business. We hope to be able to use our status as a public
company to increase our ability to use noncash means of settling obligations and
compensating independent contractors who provide services for us, although there
can be no assurances that we will be successful in any of those efforts. We will
reduce the compensation levels paid to management if there is insufficient cash
generated from operations to satisfy these costs.  To meet commitments that
become due more than 12 months in the future, we will have to obtain client
engagements in sufficient number and at sufficient levels of profitability.
There does not currently appear to be any other viable source of long-term
financing except that management may consider various sources of debt and/or
equity financing if the same financing can be obtained on terms deemed
reasonable to management.   8   Recently Issued
Accounting Pronouncements  The Company does not
expect the adoption of recently issued accounting pronouncements to have a
significant impact on its results of operations, financial position or cash
flow.  Critical Accounting
Policies  The preparation of
financial statements and related notes requires us to make judgments, estimates,
and assumptions that affect the reported amounts of assets, liabilities, revenue
and expenses, and related disclosure of contingent assets and liabilities.  An accounting policy is
considered to be critical if it requires an accounting estimate to be made based
on assumptions about matters that are highly uncertain at the time the estimate
is made, and if different estimates that reasonably could have been used, or
changes in the accounting estimates that are reasonably likely to occur
periodically, could materially impact the financial statements.  Financial Reporting
Release No. 60 requires all companies to include a discussion of critical
accounting policies or methods used in the preparation of financial
statements.  There are no critical policies or decisions that rely on
judgments that are based on assumptions about matters that are highly uncertain
at the time the estimate is made.  Note 2to the financial
statements included in the Companys Annual Report on Form 10-12G as filed with
the United States Securities and Exchange Commission on May 1, 2008 includes a
summary of the significant accounting policies and methods used in the
preparation of our financial statements.  Seasonality  We do not typically
experience a significant seasonal impact in our business.  Off-Balance Sheet Arrangements  We have no off-balance
sheet arrangements, as defined in Item 303(a)(4)(ii) of
Regulation S-K, obligations under any guarantee contracts or contingent
obligations. We also have no other commitments, other than the costs of being a
public company that will increase our operating costs or cash requirements in
the future.  ITEM 3  QUANTITATIVE AND QUALITATIVE DISCLOSURES
ABOUT MARKET RISK  Pursuant to Item 305(e)
of Regulation S-K (§ 229.305(e)), the Company is not required to provide the
information required by this Item as it is a smaller reporting company, as
defined by Rule 229.10(f)(1).  9   ITEM 4  CONTROLS AND PROCEDURES  We carried out an
evaluation, under the supervision and with the participation of our management,
including our principal executive officer and principal financial officer, of
 the effectiveness of our disclosure controls and procedures (as defined in
Rules 13a-15(e) and 15d-15(e) of the Exchange Act (defined below)). Based upon
that evaluation, our principal executive officer and principal financial officer
concluded that, as of the end of the period covered in this report, our
disclosure controls and procedures were not effective to ensure that information
required to be disclosed in reports filed under the Securities Exchange Act of
1934, as amended (the "Exchange Act") is recorded, processed, summarized and
reported within the required time periods and is accumulated and communicated to
our management,  including our principal executive officer  and
principal financial officer, as appropriate to allow timely decisions regarding
required disclosure.  Our management, with the
participation of our Chief Executive Officer and Chief Financial Officer, has
evaluated the effectiveness of our disclosure controls and procedures as of
September 30, 2008. Based on this evaluation, our management has concluded that
our disclosure controls and procedures adequately ensure that information
required to be disclosed in our reports filed or submitted under the Exchange
Act is recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms.  The evaluation of our
disclosure controls and procedures did not identify any change in our internal
control over financial reporting that occurred during or subsequent to the
quarter ended September 30, 2008 that has materially affected or is reasonably
likely to materially affect our internal control over such reporting.  PART II  OTHER INFORMATION   Item 1
Legal ProceedingsNoneItem 2
Unregistered Sale of Equity
Securities and Use of ProceedsNoneItem 3
Defaults Upon Senior
SecuritiesNoneItem 4
Submission of Matters to a Vote
of ShareholdersNoneItem 5
Other InformationNone Item 6 Exhibits and Reports on Form
8-K  (a)           Exhibits  Exhibit Number
Description31.1
Section 302
Certification Of Chief Executive And Chief Financial Officer32.1
Certification Pursuant To 18 U.S.C.
Section 1350, As Adopted Pursuant To Section 906 Of The Sarbanes-Oxley Act
Of 2002  Chief Executive And Chief Financial
Officer  (b)           Reports
of Form 8-K  None.  10      Pursuant to the
requirements of the Securities and Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.      Town and Country Appraisal
Service, Inc.(Registrant)/s/ John S. ChidesterJohn S. ChidesterTitle: President and Chief Financial
OfficerNovember 6,
2008   11