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Posted to misc.consumers.house
 
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Default Home SALES values -vs- ASSESSED values?

The only thing that matters in figuring a sales price is the price that
similar houses have sold for in areas close to your home. Assessed
value is useless as far as determining how much a house should sell
for. Right now, market prices have risen dramatically and the last
assessment may have been done many years ago. The only important thing
with assessment is that all houses being taxed are assessed using the
same standard. It doesn't matter then whether the house is assessed at
$200K or $300K, as the tax rate is adjusted for the whole community
accordingly.