Blog by Patricia Houlihan - Personal Real Estate Corporation

Assessed Value vs. Market Value: Apples vs. Oranges

January 9th, 2019

Every year people ask what their property assessments mean? The key thing to note: Assessed values are not a reflection of market value. Assessed vs. Market values are often like apples vs. oranges...totally different things. For many years, prices and assessed values have usually been going up. However assessed values still rarely coincided with market value. This year, most assessed values ...

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