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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/this-is-how-the-providers-of-the-home-price-data-17721906.aspx

Subject:  Re: Monster Home Price Check Date:  8/22/2002  8:09 AM
Author:  Inpho Number:  46268 of 127563

This is how the providers of the home price data on Monster.com, Domania.com, define assessed value (from http://www.domania.com/using/homeprice.jsp):

Q: What is assessed value?
A: The assessed value is what your taxing authority (your county, city or town) uses to determine how much tax is due. In some cases, the assessed value might be the same as market value, but typically it is a percentage, called the assessment ratio.

Inpho
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