"FSBO" or "buying foreclosures"
"Chicago, IL" or "Florida"
Views: 3947
Tax Assessed Value
This figure varies throughout the U.S. since it is determined by the taxing authority of the city, county, or state where you live. Sometimes it is the same as the market assessed value and other times counties will multiply the market value by an assessment ratio to get the tax assessed value, which is often lower than the market assessed value.
For example, suppose where you live, homes are assessed at 100% of market value. If you have a home that has a market value of $150,000, your home will be assessed at $150,000. However, if your taxing authority assesses homes at 70% of value, your $150,000 market value home will have a tax assessed value of $105,000.
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