Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
What is tax assessors value, really mean?

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 172
US
State
Nearby States
- Alabama
- Alaska
- American Samoa
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Northern Mariana Islands
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virgin Islands
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Don't see it?

Find:

What is tax assessors value, really mean?

Contributions: 1

Q&A

:1

View full profile

Flag content

July 01 - US

RSS

Answers (3)

Jason Reynolds, "The Real Estate Guy!"
Contributions: 152

Jason Reynolds, "The Real Estate Guy!"

Real Estate Agent

View my 17 listings

Contributions: 152

Q&A

:5
Photos

:147

View full profile

When you look at real estate values there are 3 main values you can get for your home.
1. Tax assessment - this value is used strictly for the assessor to determine how much value your home has in order to tax it. You want this value to be LOW! They pull their value from past sales in your immediate area usually. unfortunatly many assessors do not view the home every year. In our area it could be up to 4 years before they reassess the property. This causes these numbers to be innacurate many times.
2. Market Analysis - this value is doen by your local REALTOR. The values are pulled from local sales as well as other homes that are currently on the market, Pending sales, and also homes, that did not sell(expired listing). This is used to determine what your home should be listed and sold for.
3.Appraisal. This is to determine the lending value of your home. This is done much like a Market Analysis, but instead of a REALTOR doing it, an appraiser does the research. This value is for your lender to determine if the value is there to loan you the money.

I would recommend contacting a local REALTOR to do a Market Analysis for you on the property. This would give you a good idea of current values.

Flag content

July 01

wetdawgs
Contributions: 3938

wetdawgs

Contributions: 3938

Q&A

:2367
Disc

:1565
Photos

:6

Zillow All-Star

Since January 2009

View full profile

Tax assessor's value means that it the rate that is used to calculate your taxes.

Does it mean you can sell it at that price? In some states, yes, and in others definitely no. In my state, it is the value I could have sold the property for two years ago. In another location, it is the value I could have sold in 1970.

Flag content

July 01

mammaamy
Contributions: 30

mammaamy

Contributions: 30

Q&A

:25
Disc

:5

View full profile

Hi!
My home I am buying on the county site said it is tax valued at 110K-this is the value the county uses to charge my tax.(land and home are combined in that figure)
My appraisal gave me 2 figures 69k and 90k-the lower was a market comparison-how many homes for sale in area, comparable home prices sold, etc, the other value, who knows.
So I got 3 figures to work with-oh and the z-estimate was 163K-so I guess my point is until you know, you do not know!
In Ohio, if you go to your counties web site, you can find the EXACT tax figures, the past sales, etc. I found the information very valuable

Flag content

July 01

Have a question? Ask it here.

Most Active Real Estate Agents

Conlon A Real Estate

424 listings

Local Expert
AdamShpritz

286 listings

Local Expert
RealtyExecutiveToday

243 listings

Local Expert
DANIELLE HARRELL

179 listings

Local Expert
Teresa Young

159 listings

Local Expert

See more real estate agents

Question How and who qualifies as a First time home buyer?

Latest answer by Cindy LaPeer
1 hour 14 minutes ago

In Buying Process
2 Answers - 18 Views

Question why is the newly-announced $6500 tax credit only for people that have owned their home 5 of 8 years?

Latest answer by Cindy LaPeer
1 hour 19 minutes ago

In Buying Process
26 Answers - 1146 Views

Question my score is 495 , is there any chances I get approved for a mortgage?

Latest answer by nealadler
5 hours ago

In Buying Process
2 Answers - 57 Views

Question Please help me with home values

Asked by cab11
5 hours ago

In Buying Process
No Answers - 7 Views

Question Can the $8000 tax credit for first time home buyers in the state of WA be used for the down payment?

Asked by mauriol
7 hours ago

In Buying Process
No Answers - 23 Views

See More

Guide Real Estate Buyer's Closing Costs

In Buying Process
Edited August 27

Guide List of Closing Costs and Fees

In Buying Process
Edited August 27

Guide You've Opened Escrow

In Buying Process
Edited July 21

Guide Home Buying One Step at a Time

In Buying Process
Edited May 04

Guide A Buyer's Guide to Making the Right Choice

In Buying Process
Edited December 05 2008

See more articles about Buying Process

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:146px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by 80448044

If you had substantial equity in your home and needed some extra cash, what would you consider:

Getting a second mortgage (add more debt)

Get a reverse mortgage where I never have to pay it back but my equity is continually eating away

Get $ through a shared equity arrangement (where I don't repay but I split any future appreciation)

Do nothing with my equity

Next poll
Suggest a poll

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Nearby States

What is tax assessors value, really mean?

Contributions: 1

Main Image

Answers (3)

Real Estate Agent

Contributions: 152

Contributions: 3938

Zillow All-Star

Contributions: 30

Have a question? Ask it here.

Most Active Real Estate Agents

Related Questions

Question How and who qualifies as a First time home buyer?

Question why is the newly-announced $6500 tax credit only for people that have owned their home 5 of 8 years?

Question my score is 495 , is there any chances I get approved for a mortgage?

Question Please help me with home values

Question Can the $8000 tax credit for first time home buyers in the state of WA be used for the down payment?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor