Assessed value
The value the county sets for tax purposes. Often a fraction of market value, depending on state rules. It's the number the tax bill is calculated from.
Every term like this one lights up in the step you're on.
Free to set up. No credit card.Part 1 of 4
Why a seller cares
The assessed value is the county's number for taxing, not for selling. Buyers sometimes compare it to the list price, and in most states it is a fraction of market value on purpose.
Part 2 of 4
A simple example
Your assessed value is $180,000 and your list price is $305,000. In a state that assesses at 60% of market, those numbers agree.
| The number | What it is for |
|---|---|
| Assessed value, $180,000 | The tax bill |
| Market value, about $300,000 | The sale |
| A buyer who says you are asking too much over assessed | Somebody who has mixed the two up |
Assessed value is a tax input. It says almost nothing about price.
Part 3 of 4
What people get wrong
That a low assessment means the home is worth less. It means the county taxes on a fraction, and the fraction is set by law.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
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