Assessed value
The county assessor's estimate, set annually and used to calculate property taxes. It typically lags the live market by a year or more.
Taxable market value
The figure your tax bill is actually calculated against, after any exclusions like the homestead market value exclusion.
Market value
What a typical buyer would pay today in an arm's-length sale. This is what real estate professionals mean when they say 'value.'
A CMA
A Comparative Market Analysis is a focused estimate of market value using nearby recent sales, condition, and updates. It's the most useful number when deciding to sell, refinance, or appeal an assessment.
A few honest notes
- This is an estimated opinion of value, not an appraisal.
- A full CMA may require reviewing property condition, updates, location, and recent comparable sales.
- No estimate is guaranteed.
- Refinancing, HELOC, insurance, and tax decisions should be reviewed with the appropriate licensed professional.