From the ValuVault: Why Tax Assessments Do Not Equal Market Value

02/07/2025 1 min Temporada 3 Episodio 8
From the ValuVault: Why Tax Assessments Do Not Equal Market Value

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Episode Synopsis

New from the ValuVault!🌟Charlie Johnson explains why relying on your property tax assessment can cost you—big time.– Tax assessments are for local revenue, not true appraisals– Outdated data and old formulas can lag real value by 10–20%– They ignore upgrades that a real appraiser will include📌 Buyers: Use comps or hire an appraiser for real market value before you bid.📌 Mortgage pros: Remind clients to anchor loan amounts to comps, not tax records.A quick BPO is an easy, affordable step to get it right.