So… what actually determines your home’s value? 🏡
That depends on who you ask.
Your county property appraiser may have one number. An appraiser may have another. And what buyers are willing to pay for your home in today’s market can be another number entirely.
That distinction matters when we’re talking about the proposed $250,000 Homestead Exemption, because the number we’re talking about here is your assessed value.
So what’s the difference between assessed, appraised and market value, and could a home appraised at $270,000 potentially be assessed at $250,000?
Let’s talk about it.
Keep the Homestead questions coming. If there’s something you want me to cover next, drop it below. 👇
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