Notice of Value: Your Property's Assessed Value vs Market Value

This podcast breaks down the Notice of Value you just received in the mail if you're in Yavapai County, Arizona.  Crucial distinctions between a Notice of Property Value and market value, particularly within the context of Arizona real estate are discussed.

The Notice of Property Value, issued by the county assessor, determines property taxes based on assessed values like Full Cash Value and Limited Property Value. While primarily for taxation, this notice can influence buyer perception and financing considerations when selling a home. Conversely, market value represents the price a property would fetch in the current competitive market, influenced by comparable sales, property features, and neighborhood trends. Understanding both valuations empowers homeowners and buyers to make informed decisions regarding taxation and real estate transactions. Listen now.

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