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anushahannaFlag for United States of America asked on

Tax Assessed Value vs actual prop value

a house/property may be 100 of thousands of dollors.. but in zillow it says only 20K as Tax Assessed Value. obviously no one is selling that home for $20k... how does that math work out? and what is the significance of the Tax Assessed Value in buying and selling the home.. or is it only for tax purposes?
Math / ScienceMiscellaneous

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John

8/22/2022 - Mon
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John

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anushahanna

thanks for the very helpful input..
John

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