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Finance @beehaw.org
bonsai @lemmy.dbzer0.com

(USA) Why are home assessed values not the same as market values?

I tried looking this up but didn't find a satisfying answer. When a home is assessed for its taxable value, why isn't the market value just used?

6 comments

  • Because there isn't any real market value because you are not constantly selling your house. Also does the tax estimate diverge that much from reasonable price?

6 comments