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Student’s name Instructor’s name Course Due date Tax-assessed home value vs. market value Introduction A proper understanding of the tax-assessed value and the market value is a significant challenge for any household. The confusion arises primarily from the different recommendations that an individual receives from his or her agent. Most of the time, one is pushed by the agent to either choose between market value and assessed value before making any sale decision. Market value fluctuates based on the available local conditions which may cause one to either to spend more or less. The assessed value, on the other hand, is immune to the fluctuations that are present in the market. Due to the difference in the values, most agents tend to ask their clients to choose the market value when making sales. Annually, different properties are assessed to determine their current value. In assessed value; once the property's value is established, the taxes are charged depending on the ...
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