Answer: Some of the time
Explanation: The short answer is the county tax assessors do not appraise properties in the same manner as a state licensed appraiser is required to appraise property. When appraising a property, private appraisers perform a thorough inspection and analysis. They carefully evaluate comparable sales, location, square footage, construction quality, renovations, and other indicators of market value. For commercial properties, appraisers also utilize income capitalization and other advanced approaches.
The appraiser synthesizes all data gathered into a detailed narrative appraisal report supporting their final value conclusion. This rigorous methodology aims to establish true market value at the time of appraisal.
County assessors utilize mass appraisal techniques to efficiently assess large numbers of properties. With limited staff and high volumes, assessments apply formulas and modeling rather than physical inspections. Assessed values may not reflect spikes or dips in the market. Appeals allow owners to contest inaccurate assessments.
While county assessed values provide a baseline for taxation, private appraisals offer a detailed property valuation based on expertise and market analysis. Appraisals determine lending decisions while assessments calculate taxes. Recognizing these key differences helps owners make informed financial choices regarding their real estate. |
| Detailed Analysis, Inc. |
Answer: Never
Explanation: This question does not generally apply to California real estate with prop 13. |
| James Eastman Appraiser |
Answer: Not sure
Explanation: The assessed value is a guideline only. The assessor has a percentage they work with from the market value. |
| RU Appraisals,LLC |
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| ProMatcher |
Answer: Some of the time
Explanation: Homes are re-valued by the county every 8 years. Therefore, comps are for that time period in which the county re-valued your home. That means comparable sales that the county used can be over 7 years ago. |
| Valuation Experts, Inc |
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, TN, VA, NY, MD, PA, KY) |
Answer: Most of the time
Explanation: According to the last lecture I attended by the Collier County Property Appraisers office, the age of the home, value of the land, years the home was owned by the same owner, the SAVE OUR HOMES Tax credit among other things really effect the assessed value of the home. This is decided by the Property Appraisers Office and if you do not agree with the tax, it can be challenged. |
| Premiere Plus Realty Co |
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| ProMatcher |
Answer: Some of the time
Explanation: It depends on the location and condition of the home. |
| Reliant Realty-Powered By ERA |
Answer: Some of the time
Explanation: Sometimes it's outdated |
| A+ Realty and Construction LLC |
Answer: Most of the time
Explanation: Assessed Value is based on the last selling price of the property and increases by only 2% per year. In a hot market like the one we have now, Assessed Value is lower than current value due to the sharp increase in prices. |
| Wall Street Appraisal |
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| ProMatcher |
Answer: Most of the time
Explanation: In California when a property sells it it assessed at its sale value. After the most recent sale the assessed value is determined by a percentage prescribed by Proposition 13 and most likely will not be what a current owner may receive in a sale. However once a current owner sales the property it would be assessed at that amount. |
| Solid Impressions Appraisals |
Answer: Not sure
Explanation: Years ago you could count on this most of the time however since the crash - the assessed value can be the same, more or less than the opinion of value on a specific date. Assessed values are based on yearly assessments. Residential appraisals have an effective date. |
| Cascone Appraisals LLC |
Answer: Some of the time
Explanation: Not all the auditor data is up to date |
| Real Estate Solutions |
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| ProMatcher |
Answer: Most of the time
Explanation: Your assessed value in the State of California cannot be raised more than 2% per annum from your original purchase price, so most the time your assessed value is less than the sales value, however, there are times when the market drops and as we saw in 2009 and 2010, assessed values can be more than the sales value of a home.
If you plan on staying in the home there is a way to appeal the value of the home with the Property Tax Assessor. If you need more details on how, please reach out to me. The cost to appeal to the Tax Assessor is free. |
| Pamela Evans |
Answer: Some of the time
Explanation: Assessments are not always up to date. |
| Capital Appraisal Services |
Answer: Always
Explanation: Almost always the assessed value of your home is what you pay taxes on. |
| Bay Home Relief - House Buyers |
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| ProMatcher |
Answer: Most of the time
Explanation: I have always found this to be true, but didn't want to answer Always, but i think it is. |
| Susie Bigelow - Premier Realty Group |
Answer: Most of the time
Explanation: see above |
| AEXACT APPRAISAL COMPANY |
Answer: Some of the time
Explanation: Based on the last time the home was assessed. |
| Hudson Real Estate |
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| ProMatcher |
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 |
Answer: Some of the time
Explanation: Tax and actual value are not always entirely close |
| Ron Rodgers- Ryan Real Estate |
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| ProMatcher |
Answer: Most of the time
Explanation: every home is different, many variables.
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| A Q Appraisals |
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 |
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| ProMatcher |
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 |
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. |
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| ProMatcher |
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 |
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 |
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| ProMatcher |
Answer: Most of the time
Explanation: In todays market that is very accurate. |
| Re/Max Elite Realty |
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 |
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| ProMatcher |
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 |
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 |
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| ProMatcher |
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 |
Answer: Most of the time
Explanation: I am a Realtor |
| CSSCPSG-Student-Judge:Vicente-B: Galindo. |
Answer: Always
Explanation: Tax value is usually half the sale value or less. |
| Coldwell Banker |
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| ProMatcher |
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 |
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 |
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| ProMatcher |
Answer: Most of the time
Explanation: true |
| Finite Solutions Inc. |
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 |
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| ProMatcher |
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 |
Answer: Some of the time
Explanation: Ambiguos question. Too many variables. |
| Coldwell Banker Reliable Real Estate |
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 |
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| ProMatcher |
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 |
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 |
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| ProMatcher |
Answer: Always
Explanation: The assessed value of your home is always less than the sale value of your home. |
| Provost International Realty |
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 |
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| ProMatcher |
Answer: Most of the time
Explanation: The assessed value is not based upon the current marketing value of your home. |
| Choice Lending Corp |
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 |
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| 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. |
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| ProMatcher |