City Assessed Value: a poor way to determine market value

1166 days ago via bokauffmann    Discuss    Real Estate
When setting the listing price for a home, should the seller rely upon the City Assessed Value?
City Assessed Value can be used for some guidance, but should not be relied upon to set the price of a home. Why Not? When was the last time the City Assessor was in your home? Likely never...and so the City would not know whether your home has been upgraded, or allowed to deteriorate or is somewhere in between.

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