(USA) Why are home assessed values not the same as market values? (lemmy.dbzer0.com)

submitted 1 month ago by [email protected] to c/[email protected]

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I tried looking this up but didn't find a satisfying answer. When a home is assessed for its taxable value, why isn't the market value just used?

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[-] [email protected] 1 points 1 month ago* (last edited 1 month ago)

Because there isn't any real market value because you are not constantly selling your house. Also does the tax estimate diverge that much from reasonable price?

this post was submitted on 16 Apr 2025

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