Assessed Value vs. Appraised Value - What’s the Difference?
February 27th, 2008 Categories: Keller Williams, Property Values
The assessed value of your home is used for taxation purposes: it’s a value assessed by a public tax assessor.
The appraised value is comparable to the fair market value of the property. The appraised value is computed using comparable sales, including the last value the property was sold for.
Visit one of these websites for information on your local assessors:
Arlington County (Arlington, Fairlington)
Fairfax County (Herndon, Vienna, Reston, Mclean, Great Falls)
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