One of the most confusing parts of the home buying/homeowner process is appraised value. This is because there are two types of appraised values: the appraised value of your home as seen by the lender who will be lending you the money to purchase your home, and the appraised value by the county tax assessor for the purpose of collecting taxes.
We want this amount to be high, because this is your home's market value.
Each year, the county appraises all properties - they then assess taxes based on that amount. This is the tax appraisal.
We want this amount to be low, because this is what you will have to pay in taxes.
Often, I will have people look at the county website, where they will see their home's estimated value. They will then get very discouraged because that amount is not at all what they were hoping their house was worth. If this has been you in the past - don't worry, this is a good thing!
I hope this helps clear up some confusion on the topic!
If you are the market to sell your home, or are just curious what your house is worth, let me help you! I can give you a free estimate, even if you are just curious!
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