Is there a reason my home’s assessed value differs compared?

Your assessed value is not your market value. Your assessed value is typically a fraction of your market value used for calculating your property tax amount.

The assessed value of a home is an estimate that the city/town uses to provide a value to tax the property and other similar in the area. Comparable value uses data based on recent sales in the area within a certain distance, timeframe, and similar features to your property to determine the value your home could sell for on today’s market. Briahna Savage Licensed Realtor NY & PA [email protected]