I tried looking this up but didn’t find a satisfying answer. When a home is assessed for its taxable value, why isn’t the market value just used?
I tried looking this up but didn’t find a satisfying answer. When a home is assessed for its taxable value, why isn’t the market value just used?
Because there isn’t any real market value because you are not constantly selling your house. Also does the tax estimate diverge that much from reasonable price?