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Tax Assessed Value Vs. Market Value

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Industry Observer CDRE #01044712

On May 6, 2025, Lisa Kaplan Gordon published a very good helpful report on Realtor.com about the difference for tax assessed value vs market value.

1.  What is market value?

2. What is assessed value?

3. Can your assessed value be lower than your market value?

4. Why the difference matters for buyers and sellers,

Perhaps there might be other helpful tips on the difference for tax assessed value vs market value.

For complete more detailed information about Judy Dutton’s report for the difference for tax assessed value vs market value, please click HERE

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John Pusa

Better way to buy and sell real estate

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Comments(9)

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Roy Kelley
Retired - Gaithersburg, MD

Good Wednesday morning, John.

I hope all is going well for you this week.

May 14, 2025 05:59 AM
John Pusa

Hello Roy Kelley I hope all is going well for you this week too. Thank you for the comment.

May 14, 2025 02:07 PM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning John. Market value - the dollar amount the seller would like to exceed. Assessed value - the amount the buyer would like to achieve if not less. The agents - getting the parties to agree to reality. Enjoy your day.

May 14, 2025 06:02 AM
John Pusa

Hello Wayne Martin agents need to get the parties agree to reality. Enjoy your day too. Thank you for the comment.

May 14, 2025 02:10 PM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good Morning John Pusa 

This is an interesting article. Assessed value is a much misunderstood concept and one that can cause much angst.

May 14, 2025 07:20 AM
John Pusa

Hello Doug Dawes you are right, assessed value is a much misunderstood concept and one that can cause much angst. Thank you for the comment.

 

May 14, 2025 02:11 PM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

John Pusa good explanation of the two.  All too often there is a misconception the two are the same.

May 14, 2025 08:47 AM
John Pusa

Hello George Souto you are right, there is a misconception that the two are the same. Thank you for the comment.

May 14, 2025 02:13 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello John and I get phone calls all the time when the tax information comes out and people wonder how the taxes and the value of their home have in common.

 

May 14, 2025 09:18 AM
John Pusa

Hello Will Hamm you are right, when the tax information comes out and people wonder how the taxes and the value of their home have in common. Thank you for the comment.

May 14, 2025 02:14 PM
Lew Corcoran
Better Living Real Estate, LLC - East Bridgewater, MA
Expert guidance. Exceptional results.

Thanks for sharing this clear breakdown, John Pusa. I appreciate how you highlight the importance of understanding the difference—it's vital for making smarter real estate decisions. 📊🏡

May 14, 2025 10:51 AM
John Pusa

Hello Lew Corcoran you are welcome, and glad you find the report very valuable for understanding the difference, it is vital for making smarter real estate decisions. Thank you for the comment.

May 14, 2025 02:17 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

John Pusa I started my sales career in an appraisal office, so I knew wh,y but great explanation 

May 14, 2025 02:57 PM
John Pusa

Hello Hannah Williams great to know you have extensive knowledge on value a property. Thank you for the comment.

May 14, 2025 07:55 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have never worried too much about the difference since I was happy to pay taxes on a lesser amount, haha.

May 15, 2025 05:51 AM
John Pusa

Hello Brian England good to know, you never worried too much about the difference since you were happy to pay taxes on a lesser amount, haha. Thank you for the comment.

May 15, 2025 01:22 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
May 16, 2025 03:59 AM
John Pusa

Hello Richard Weeks you are welcome, and I hope you have a great day too. Thank you for the comment.

May 16, 2025 03:07 PM
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