Assessed Value of Home Vs. Purchase Price of Home

Tip 1 - Assessed Value vs Market Value: Understanding the Difference

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.

Tip 2 - Home Tax Assessed Value Vs. Appraised Value

When you buy or sell property, the listing price is usually close to the property's fair market value. But if you were to look at the tax bill for that particular property, you would ...

Tip 3 - Is Assessed Property Value the Market Value?

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 ...

Tip 4 - Assessed Value vs. Appraised Value of Home

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. ...

Tip 5 - Can a Home Be Bought for Less Than Its Assessed Value?

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 ...