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Homes have a tax value and an appraisal value. The tax value is what the county/city you live in say it is worth for tax purposes. That is about all that number is good for in my opinion. The more accurate reflection of what your property is actually worth the appraisal value, which consists of at least 3 comparisons of other similar properties that sold in your area within a specified amount of time. The appraiser will then use the condition and location of your exact property to make a final assessment of what your home is worth on the market. That's the "value" of your home.

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10y ago

What else can I help you with?