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Seller Secret Episode #6 Tax Assessments - What They Really Mean

Wednesday, September 18, 2019   /   by Jake Batac

Seller Secret Episode #6 Tax Assessments - What They Really Mean

Tax Man’s Assessment for your home is lower but why???

Seller Secret Episode #6 Tax Assessments What They Really Mean YT play.PNG

Today to talk to you about seller's secret number six. So, remember, if you like these daily tips, don’t forget to follow us on our page and turn on notifications to be notified every time.

Some people think that tax assessments is what the true value of their home is, and that's not really the case. The difficulty here is that assessments are based on a number of key points that don't relate to a market value of a home.

So, if you look at your tax bill and you notice that the tax assessment for your home is a lot less than what you think your home would sell on the market for, don't freak out. Actually, as a matter of fact, you don't want the city, the tax guys, to assess your market value for a lot higher, because then your property taxes are going to be higher. 

So, the true value of your home is not the tax value of your home. Market value is based on sold prices. 

And if you're looking for a free home appraisal, or if you have any other comments, like if you have any other questions regarding taxes – it could be about capital gains, it could be about buying pre-construction, selling it assignment sale, being a first-time home buyer or seller, foreign taxes – there's ways around those. 

But more importantly, if you like these seller secrets, and want to know more about these kinds of stuff, we're going to come out with more tips and proven ways about these topics, just give us a call at 647-977-9752 and follow us on our pages to be notified anytime. There's no obligation. But if you want to know about something specifically, let us know and we'll be happy to come out with the topic, or we'll interview somebody who's an expert in it. 

We work with very good accountants, with very good lawyers, you know, close associates who are very knowledgeable in these areas. 

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Watch full video here: https://youtu.be/LVWGMTDsP5o

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