Blog > What’s the Difference Between Market Value and Assessed Value?

What’s the Difference Between Market Value and Assessed Value?

by Gordon Hageman

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Market value reflects what buyers are willing to pay for a property based on current conditions. Assessed value, however, is determined by the local tax authority to calculate property taxes. These numbers can differ significantly—especially in fast-moving markets. While market value drives sale prices, assessed value impacts ongoing ownership costs, so understanding both helps you plan long-term.

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Gordon Hageman

Gordon Hageman

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