Assessed Value vs Market Value

The 2019 Tax Assessments have just come out. If you’re thinking of selling, be really careful to not use your Assessed Value as an indication of Market Value. There are lots of things that the Assessed Value does not take into account, like whether you’ve done recent renovations, or whether you need them.

So, let’s take a look at a couple of our recent sales from this year and compare the market value with the assessed value.

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If you are going to be buying or selling a condo, now or in the future, get in touch with The Condo Group Real Estate  at 250-382-6636.