Dear Grumpy Realtor,
I just received my tax assessment for my property and got a pretty good dollar amount, but when I talked to my realtor, they suggested an asking price that wasn’t even close to the appraised value. My realtor then informed me that her price is the market price. What gives?
Assessed value and market price are two entirely different bananas. The assessed value is used to determine how much of your hard-earned cashola goes to the local tax man. The current housing market and financial climate are what dictates your asking price or market price. Your realtor is looking at local sales in your neighborhood in the last six months or so…this is how realtors get their values in most cases. Maybe you need to protest your tax value & get that lowered so you won’t be paying more taxes than you should.