Explain the difference between fair market value, assessed value, and property tax?

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asked Dec 28, 2021 78.6k views

1 Answer

Nivin V Joseph · Answer 1 · 2022-01-02T02:37:18+0000

Answer:

Assessed value is determined by the county assessor for the purpose of calculating property taxes. Fair market value is what a buyer would pay for your home.

Explanation:

Explain the difference between fair market value, assessed value, and property tax?

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