Why is a home assessment usually lower than a home appraisal?
When looking at property records, it seems that most houses have a much lower assessed value than what the home actually appraised and sold for. Why is this? For instance: A home is appraised for $100,000, yet the county's assessment of the property is only $69,000.
Asked By: Yuna - 1/4/2007
Best Answer - Chosen by Asker
Assessed values have several plusses but are never actual market value. Heres why, the market value changes as the market does. The assessor isnt looking for a house to buy and doesnt go inside the home. based on the time of construction and size of the home, and the typical lot value an assessment is not going to... More
Answered By: Kevin H - 1/4/2007
Additional Answers (2)
While there is no relationship between the two, it seems it would simpler if there were... More
Answered By: united9198 - 1/4/2007
An appraiser physically goes out and inspects the property as well as analyzing recent sales comps,market value,etc. The county tax assessor does not.
Answered By: staceydian - 1/4/2007
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
Click. Search. Apply. Free!
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.