Is a property tax valuation on a home equal to an appraisal of the home’s worth?

December 2nd, 2010 | by admin |

When the county assesses property taxes for a home, is their estimate of what the home is worth actually a "free" appraisal of what the selling price should be?

Absolutely not. Tax assessed value has NOTHING to do with real market value. I have a listing that is priced $100,000 under tax assessed value and it is still a bit overpriced.

  1. 3 Responses to “Is a property tax valuation on a home equal to an appraisal of the home’s worth?”

  2. By Expert Realtor on Dec 2, 2010 | Reply

    No,

    County assessment is for tax purposes.

    It is UNRELATED to the fair market value.

    I live in a city where homes that are priced at well over $1 million have a tax value of just $300K.
    References :

  3. By reenzz on Dec 2, 2010 | Reply

    No. In most areas, the assessed value of a home is much lower than the actual appraisal value.
    References :

  4. By godged on Dec 2, 2010 | Reply

    Absolutely not. Tax assessed value has NOTHING to do with real market value. I have a listing that is priced $100,000 under tax assessed value and it is still a bit overpriced.
    References :
    Oregon Realtor

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