Quote:
Originally Posted by troutman
Is it to your advantage when you go to sell your house?
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I believe so. High appraised value, low assessed value, that's a perfect combination.
Some potential buyers may want to know if there's any underlining reason why the assessment is low, but lower taxes relative to the actual 'worth' of the house is a bonus. And the blackbox formula to come up with the assessed value, which uses bulk appraisal and values while usually never setting foot in the house, it really shouldn't matter.
As long as the assessed value isn't lower because the property is missing permits, let's say for a garage for example, then I'd still favour a lower assessment.