can u explain the assement value

Profile picture for Deirlo
 what is the assessment value mean on a near $200K home when is says $17,600 assessed?    how do they come up with this amount and is it accurate?  What does this mean?
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June 25 2011 - Bensalem
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Profile picture for YourPreferredAgent

A public tax assessor determines the Assessment Value for the sole purposes of taxation.  This value isn't the same as Fair Market Value.  Fair Market Value is the actual price a willing and able buyer is agreeing to pay AND a willing and informed seller is willing to accept.

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June 26 2011
Profile picture for Sharon Lewis
I am assuming you are talking about the tax assessed value of the home, right? In the tax records? That is what you pay taxes on, that 'value' of 17.600.
Or do you mean Zillow? if its Zillow's 'zestimate' value, look in Zillow FAQ's, left column .
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June 26 2011
 

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