What is just value compared to assessed value? (appraised, property tax, tax) - Real Estate -Brokers, appraisals, development, lease, investing, relocation, apartments, houses, condos, values, mortgages, loans... - City-Data Forum

urbandeco · 07-15-2007, 05:06 PM

If a property has an assessed value of say 9000. The just value is 300,000. What does this mean?

urbandeco · 07-15-2007, 05:09 PM

oh and the appraised value is also 9000. This property is land only. It has not property on it.

PghREA · 07-15-2007, 05:19 PM

Quote:

Originally Posted by urbandeco

If a property has an assessed value of say 9000. The just value is 300,000. What does this mean?

Assessed value - is the value that the property tax is based on.

Just value - Market value - what the property sold for.

urbandeco · 07-15-2007, 05:47 PM

ok, well the property was not sold but would just value be what the property could or should sell for?