Profile picture for giannangelo

Why does my home have two values?

Home home address is 9476 Johnson rd ext germantown tn 38139. When I open Zillow, it shows two different values. Can you correct this mistake? 
Thanks, Giannangelo
  • November 12 2012 - Germantown
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Answers (1)

Profile picture for PaulJWells
Good morning!

Actually, your home has many values. The obvious one is the sales price. That is the price that the home last sold at.

Then there is the appraised value or values. This will vary depending on the appraiser's opinion as well WHY the appraisal has been ordered. Appraisals can be ordered for purchases, insurance value, refinance, tax assessment and many other reasons. Those figures will differ.

The last value is the tax assessment value. This is the value that the county or state has put on the property in order to create a tax basis. These are usually comprised of recent sales in the area.



  • November 12 2012
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