All to often there is misunderstanding between the difference...
ASSESSED value is the dollar value assigned to property for purposes of assessing taxes.
APPRAISED value is the unbiased value of the property after a qualified person who is generally employed by an appraisal company, real estate company, lending institute or a bank, has completed an inspection on the property.
Courtesy of Lisa Bear RE/MAX Realty Center
Surf the MLS for properties http://www.lisabear.com
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