The Difference Between Your Home’s Tax Value and What It’s Really Worth
Your home’s tax value doesn’t accurately indicate what it’s really worth. If you want to know your home’s true market value, talk to an agent.
Let’s say your home’s tax value is $300,000. That means the home itself must be worth $300,000 right? Actually, no—that’s 100% inaccurate.
What we typically find is that, in a particular area, there is a direct correlation between your home’s tax value and its sale price. For example, if one home is selling below tax value, the other homes in the neighborhood are likely selling below tax value too. The same goes if a home is selling above tax value as well.
"If you want to know what your home is really worth in today’s market, you need to speak to a real estate agent."
However, if you want to know what your home is really worth in today’s market, you need to speak to a real estate agent. We agents can dig deep and find comparable homes that have a similar age, style, and square footage to yours in order to calculate its market value.
If you’re thinking of selling your home and you want to know its true value, give just us a call, email us, or message us on our website. You can also text “LISTING” to 555-888.
If you have any other real estate questions, don’t hesitate to reach out to us as well. We’d love to help you.