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CaidensMommy
My 3 Miracles!
Member since 5/05 5777 total posts
Name:
Melissa
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Assessed value?
When you get your tax paperwork the assessed value is what the house will appraise for, right? It's just for tax purposes? Thanks!
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Posted 1/3/07 7:20 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Assessed value?
it's different-
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| Posted 1/3/07 7:49 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: Assessed value?
2 completely different things. the assessed value is usually about 20-30% less than market value.
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| Posted 1/3/07 8:11 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Assessed value?
You are in NC right? I am not sure how it works there, however, I just spoke with the Nassau County Tax Assessors office on Tuesday and they told me that the current assessment should equal the current market value of the house. In fact, our assessment is now exactly what we paid for the house in April. They re-adjusted it based on our purchase price. Hope that helps.
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| Posted 1/4/07 8:41 AM |
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CaidensMommy
My 3 Miracles!
Member since 5/05 5777 total posts
Name:
Melissa
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Re: Assessed value?
Posted by lululu
You are in NC right? I am not sure how it works there, however, I just spoke with the Nassau County Tax Assessors office on Tuesday and they told me that the current assessment should equal the current market value of the house. In fact, our assessment is now exactly what we paid for the house in April. They re-adjusted it based on our purchase price. Hope that helps.
I hope that's not true... because my assessed value is like $15K less than what we paid for it!!! 
I like the 20-30% thing better! 
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| Posted 1/4/07 9:08 AM |
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