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What’s the Difference between Appraised Value vs. Assessed Value?

What’s The Difference Between Appraised Value Vs. Assessed Value?

When preparing to sell or renovate your home, it’s essential to understand the current value of your property. Its worth now may be different than when you purchased the house. There are two ways to gauge your home’s value — appraised value and assessed value. While they may sound similar, they are very different and this article is meant to help you understand the differences. It is not uncommon for the two values to be different from one another, and as a homeowner you should understand why.  Why is Home Value Important? Understanding your home’s value gives you more control over Insurance Premiums and property taxes. Refinancing, home equity lines of credit, insurance premiums, and annual property taxes are all... Read the full article.

The post What’s the Difference between Appraised Value vs. Assessed Value? appeared first on Great Midwest Bank.



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