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The assessed value of your home (the value you pay taxes on) is typically less than the sale value of your home.

Always
12%
Most of the time
44%
Some of the time
36%
Never
2%
Not sure
4%
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Question: The assessed value of your home (the value you pay taxes on) is typically less than the sale value of your home.
Top Answer (44% of 149 votes): Most of the time.

Answer: Some of the time
Explanation: Tax and actual value are not always entirely close
Ron Rodgers- Ryan Real Estate
Answer: Most of the time
Explanation: Most of the time this is true. But market conditions impact value more than the last assessment and a home is worth what someone will pay for it. Bottom Line
KF Home Sales @ Quality First Real Estate Group
Answer: Most of the time
Explanation: every home is different, many variables.
A Q Appraisals
ProMatcher
Answer: Some of the time
Explanation: Sometimes this is true, but there is no uniformity in the assessed value of a property relative to its actual value because the assessor uses a mass appraisal formula to assess value, which is often inaccurate.
V.A. Solano & Associates, Inc.
Answer: Most of the time
Explanation: Our property appraiser usually appraises at 90 percent. Yours may be different.
RE/MAX Realty Group
Answer: Some of the time
Explanation: it depends on the market that we've been on. for instance since the real estate bubble the taxing counties have struggled to keep up with the fallen values of properties. so we have seen where the values have been higher than the sale prices.
Your Husband & Wife Real Estate Team with Charles Rutenberg Realty
ProMatcher
Answer: Some of the time
Explanation: This varies from city to city and county to county.
RE/MAX Results
Answer: Most of the time
Explanation: I understand that every property is assessed every so many years, so unless it was just assessed within the last few months, the assessed value will be off from the actual value of your home.
Home 2 Home Services, Inc.
Answer: Some of the time
Explanation: The assessed value of your home is sometimes less or more than the value of your home.
Rinehart Realty
ProMatcher
Answer: Some of the time
Explanation: As a tax appeal appraiser for 30 years, I can only say this is sometimes true, but certainly not always. Each situation must be analyzed individually. In many towns where the equalization ratio is low, and there hasn't be a revaluation in a while, then most properties will have assessments that are less than market value.
Todd G. LiPira, SCGREA
Answer: Some of the time
Explanation: There are times when the market will spend more for a house due to shortness of supply as well as upgrades and renovations completed while property has not received newly assessment.
CRG
Answer: Most of the time
Explanation: Most of the time the tax value is slightly below the amount that you will sell your home for, however, it is a good starting point with which to base your sale price.
BeBe's Beauty (Jeunesse Global)
ProMatcher
Answer: Most of the time
Explanation: This is generally true.
Askew Realty
Answer: Some of the time
Explanation: The assessor typically values a property somewhat less than full market valued to account for unknown differences. This is in a typical market, this does not apply to rapidly declining markets.
Accurate Appraisals USA
Answer: Most of the time
Explanation: Generally the assessed value of a home is based upon the local municipal tax structure which varies but is usually calculated at 1/3 of market value in the midwest.
Epoch Property Inspections
ProMatcher
Answer: Some of the time
Explanation: Assessed values is NOT a good indicator of market value
Re/MAX Southwest - The Jackson Group
Answer: Most of the time
Explanation: Assessed value most times is lower than the sale price of homes
Coldwell Banker
Answer: Some of the time
Explanation: This is something that is changing with the current market compared to what was happening in the last few years.
EA Realty LLC
ProMatcher
Answer: Most of the time
Explanation: I am a Realtor
VICENTE BAUTISTA GALINDO TRUST
Answer: Always
Explanation: Tax value is usually half the sale value or less.
Coldwell Banker
Answer: Never
Explanation: Tax values may be updated every 4 to 8 years...markets swings..think about it...We never use tax values as market values...shame on those who do. Do you homework.
LandPro Real Estate, Inc.
ProMatcher
Answer: Most of the time
Explanation: The assessed value is usually less than the sales value. Buyers prefer the assessed value and sellers prefer the market value
Kea Interiors
Answer: Some of the time
Explanation: Assessed value and actual value are all over the place
AnDel Appraisals
Answer: Always
Explanation: Designed that way in most jurisdictions.
S & S Southwestern Management
ProMatcher
Answer: Most of the time
Explanation: Yes
Lindhaven Properties, LLC
Answer: Some of the time
Explanation: That all depends on the last time the town assessed the home.
REMAX White House
Answer: Most of the time
Explanation: If market is not "distressed"
Real World Appraisal
ProMatcher
Answer: Some of the time
Explanation: Ambiguos question. Too many variables.
Saunders & Associates
Answer: Some of the time
Explanation: It depends on many factors including local market, length of time on recent assessment, etc.
D & K Appraisals LLC
Answer: Some of the time
Explanation: It seems to be the case--assessors are not always accurate.
Sacramento Valley Appraisal
ProMatcher
Answer: Some of the time
Explanation: some time true
Corryn Appraisal Services
Answer: Most of the time
Explanation: Tax appraisals performed by your local courthouse are very general and not much detail goes into them.
Icon Homes LLC
Answer: Not sure
Explanation: It really depends on where you live.....remember, LOCATION, LCOATION, LOCATION
ProStead Realty
ProMatcher
Answer: Always
Explanation: If you are interested in how this is calculated I am happy to explain it.
West USA Realty
Answer: Most of the time
Explanation: Typically.
LAKE AREA APPRAISAL FIRM
Answer: Some of the time
Explanation: Tax assessments vary greatly by area.
TriCoast Appraisal, LLC
ProMatcher
Answer: Some of the time
Explanation: Methods of tax assessment varies from location to location but typically the Tax Assessor's Living Area differs from the GLA as developed by the appraiser. It is not unusual for the Tax Assessor to be incorrect especially on multilevel homes. On multifamily homes, the Tax Assessor uses a "multiplier" developed by the state of Alabama to be used on all multilevel properties and use this to estimate living area for Tax Assessment purposes.
Comprehensive Appraisal Solutions
Answer: Never
Explanation: They are trying to collect taxes and the market value is based on surrounding sales and what someone is willing to give you for your home.
RLN Properties LLC
Answer: Never
Explanation: The assessed value of your real estate is set using what is called a "mass appraisal" process. This is entirely different than a determination of "market value," which is what most people who are buying and selling property are interested in knowing. The tax valuation process is often done once every so many years and then remains a static number (some states adjust the tax value after a sale to the actual sale price.) In other words, an assessed tax value could be less than, equal to, of more than the real "market value" of a property.
Trusted Appraisers Group (NC, SC, GA)
ProMatcher
Answer: Some of the time
Explanation: this depends on the value of the home and the taxation where it is located.
Axiom Inspections pllc
Answer: Most of the time
Explanation: Keep in mind all states and counties may use slightly different formulas to arrive at these calculations.
Keller Williams Realty Atlantic Shore
Answer: Always
Explanation: The SEV is about half of the actual value of the home.
Nicholas Home Inspection & Maintenance, Inc.
ProMatcher
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