Market Value vs Assessed Value - What's the Difference?

Market Value vs Assessed Value - What's the Difference? - 9/15/2026

Market value reflects what buyers may pay in today's market, while assessed value is used by local taxing authorities to help calculate property taxes.

Leonard Saburro ABR, CRS, ePro, RENE, SFR, SRS Elite Residential Brokerage, Inc. Yaphank, NY 31SA1052692 Successfully assisting home buyers and sellers with all their Real Estate needs for over 40 years. Visit my Website Send a Referral

Market Value vs Assessed Value - What's the Difference? - 9/15/2026

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