Assessed Value of Home Vs. Purchase Price of Home

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Assessed Value of Home Vs. Purchase Price of Home – This is a place for the community to provide tips and advice on Assessed Value of Home Vs. Purchase Price of Home. This topic was created by Guan Yu Chen and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

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Assessed Value vs Market Value: Understanding the Difference More
Published: 9 years, 3 month(s) ago by mtwebster | permalink
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In a nutshell, the market value is how much your home is worth currently on the market and the assessed value is typically based on a percentage of the appraised value.
For further reading: http://www.movoto.com/blog/homeownership/assessed-value-vs-market-value/ ^[1]

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Home Tax Assessed Value Vs. Appraised Value More
Published: 9 years, 3 month(s) ago by Jerrel De Kok | permalink
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When you buy or sell property, the listing price is usually close to the property&#039;s fair market value. But if you were to look at the tax bill for that particular property, you would ...

For further reading: http://homeguides.sfgate.com/home-tax-assessed-value-vs-appraised-value-1666.html ^[2]

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Is Assessed Property Value the Market Value? More
Published: 9 years, 3 month(s) ago by giorgio galli | permalink
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In residential real estate, a number of different methods exist to value a property. For municipalities, assessed value is used most often because it's normally how tax on a property is ...

For further reading: http://homeguides.sfgate.com/assessed-property-value-market-value-7966.html ^[3]

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Assessed Value vs. Appraised Value of Home More
Published: 9 years, 3 month(s) ago by Ben Baldwin | permalink
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Along with the market value of a home, the other two methods of valuation are assessed value and appraised value. Assessed value is almost exclusively reserved for property taxation purposes. ...

For further reading: http://homeguides.sfgate.com/assessed-value-vs-appraised-value-home-6873.html ^[4]

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Tip 5
Can a Home Be Bought for Less Than Its Assessed Value? More
Published: 9 years, 3 month(s) ago by judi townsend | permalink
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While assessed values can be very important to owners, since they're the basis for property taxes, they have relatively little to do with a purchase or sale transaction. Assessments might be ...

For further reading: http://finance.zacks.com/can-home-bought-less-its-assessed-value-10649.html ^[5]

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About This Topic

Category: Fun | 9 years, 3 month(s) ago

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Ben Baldwin, Jerrel De Kok, judi townsend, giorgio galli, mtwebster

References & Citations

1. http://www.movoto.com/blog/homeownership/assessed-value-vs-market-value/

2. http://homeguides.sfgate.com/home-tax-assessed-value-vs-appraised-value-1666.html

3. http://homeguides.sfgate.com/assessed-property-value-market-value-7966.html

4. http://homeguides.sfgate.com/assessed-value-vs-appraised-value-home-6873.html

5. http://finance.zacks.com/can-home-bought-less-its-assessed-value-10649.html