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Is there a reason my home’s assessed value differs compared?
Asked By John N. | 251 views | Tips Advice | 1 year ago
Answer(2)
Jennifer Davidheiser
The Real Estate Professionals, Inc.
Your assessed value is not your market value. Your assessed value is typically a fraction of your market value used for calculating your property tax amount.
- 1 year ago
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Briahna Savage
Keller Williams NY Realty
The assessed value of a home is an estimate that the city/town uses to provide a value to tax the property and other similar in the area. Comparable value uses data based on recent sales in the area within a certain distance, timeframe, and similar features to your property to determine the value your home could sell for on today’s market.
Briahna Savage
Licensed Realtor NY & PA
[email protected]
- 1 year ago
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