Tax Assessment/Appraisal: How Do I Know What My Home is Worth?

Tax Assessment/Appraisal: How Do I Know What My Home is Worth?: "If you are in the home buying or selling market, it's important to understand the difference between tax assessment and appraisal value. Concentrate on the appraisal value because this determines your asking price.
Understanding Tax Assessment
The tax assessment is a tool local governments use to exact a property tax rate on residents. The local government determines your home's worth by reassessing the homes in the area you live in periodically. Some areas reassess every 2-3 years. B"
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