Profile picture for 2Blessed2BStressed

whats the difference in appraised value and assesed value

  • August 16 2011 - University City
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

An appraisal can vary due to appraisers opinion.  Make sure appraiser is familiar with the area and meet the appraiser at the house in order to get a fair appraisal.

  • August 19 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Assessed value = tax assessed value. This is what the tax man says your property is worth and then multiplies it by your County and City tax rate and then sends you the bill for your property taxes. 

An appraised value is when an independent appraiser conducts an inspection of your property and compares your property to properties that are similar to yours that have recently sold (no more than 6 months) and determines the fair market value based on their research.

Please mark whether or not this helped you out. Thanks! 
  • August 16 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.