| How Can a Home be Over-Assessed, Yet Worth Less When Being Sold? |
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| The difference is between assessed value, which the county assessors use to establish taxable value and market value (what the home sells for/bought for). Discrimination kicks in because lower-priced properties tend to receive high assessments, which leads to more taxes, compared to higher-priced homes. At the same time, when it comes to selling the property, there’s discrimination in the market that drives the property value down. Also, the fact that these properties are over-assessed and over-taxed may contribute to the lower market value. |