What is the difference between the assessed value and appraised value of a home?
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Studied at the University of Cambridge, Lives in Cambridge, UK.
This assessed value will be used when a property tax is levied by the government. For example, a city tax assessor is responsible for determining the assessed value for every parcel of land and every building within the city. ... The appraised value is an attempt to determine the property's market value.
2023-05-16 23:44:08
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This assessed value will be used when a property tax is levied by the government. For example, a city tax assessor is responsible for determining the assessed value for every parcel of land and every building within the city. ... The appraised value is an attempt to determine the property's market value.