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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
43%
Some of the time
37%
Never
3%
Not sure
3%
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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 (43% of 154 votes): Most of the time.

Answer: Never
Explanation: Assessments are only a way for the government to collect taxes and n ot reliable in an ever changing real estate market.
Keller Williams Realty
Answer: Some of the time
Explanation: In California, property taxes are based upon prop 13. The current value your home has nothing to do with the property assessment.
Residential Appraisal Associates
Answer: Some of the time
Explanation: The assessed value os determined by an Assessor and can be higher ot lower than the sale of your home.
Key Realty
ProMatcher
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
Answer: Most of the time
Explanation: see above
AEXACT APPRAISAL COMPANY
ProMatcher
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
Answer: Most of the time
Explanation: Yes, in most cases the tax value of your home is less than the market value.
Myra Strickland Real Estate at KW
ProMatcher
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
Answer: Always
Explanation: The tax accessment is based on state you live property tax code. 1? of home value is usually a good way to factor what you'll pay in taxes per year.
Buyers Sellers Network
ProMatcher
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)
Answer: Most of the time
Explanation: In todays market that is very accurate.
Re/Max Elite Realty
ProMatcher
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
Answer: Most of the time
Explanation: It is only done every 3 years so there are some things it could be missing like lots of damage or upgrades
Coldwell Banker
ProMatcher
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
Answer: Most of the time
Explanation: One more trick question --- As soon as anybody admits assessed value is less than real value, the next question is, "How much less?" and then, "What is the ratio of assessed to value?" and all of these questions paint the obvious direction one should take. ENGAGE AN EXPERT for any and all of these types of questions. Always!
Keller Williams Realty
ProMatcher
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.
Answer: Some of the time
Explanation: Due to the changing market and due to REO/Short Sales and Foreclosure this is not always true.
Regina Heising-Certified Res. Appraiser
ProMatcher
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
Answer: Most of the time
Explanation: true
Finite Solutions Inc.
ProMatcher
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
Answer: Some of the time
Explanation: You pay taxes based off of the sales price of your home. When home prices were inflated you can ask the tax accessor for a re-evaluation of your home value to pay a lower tax rate. This is only good for a year and must be done every year or your taxes will be estimated on your home price vs. current market value.
Realty One Group
ProMatcher
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
Answer: Some of the time
Explanation: The assessed value for tax purposes is typically a benchmark of value sans market influences and improvements to the home. It will not always reflect the true value of the home. Simple economics of Supply and demand will always factor in.
Douglas Commercial
ProMatcher
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
Answer: Always
Explanation: The assessed value of your home is always less than the sale value of your home.
Provost International Realty
ProMatcher
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
Answer: Most of the time
Explanation: The assessed value is not based upon the current marketing value of your home.
Choice Lending Corp
ProMatcher
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)
Answer: Some of the time
Explanation: This varies and every home is different.
Real Appraisals
ProMatcher
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.
Answer: Most of the time
Explanation: 99% of the time - there may be unusual situations if sales prices suddenly drop - the assessor needs to play "catch up".
Haven Express @ Keller Williams Arizona Realty
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