Market value is the price your home would likely sell for in today’s market. It’s determined by:
Appraisers, real estate agents, and buyers all use market value as the real-time price tag of your home. This is the number that matters most when buying or selling.
Assessed value is set by your local government and is typically used to calculate your annual property taxes. It’s based on:
It’s often lower than market value, and if you think your assessed value is too high, you can often appeal it to lower your taxes.
Use market value when negotiating price, comparing homes, or applying for a mortgage Watch assessed value when estimating property taxes or reviewing your escrow accountUnderstanding both helps you plan smarter—whether you’re buying, budgeting, or building equity.
Download our free “First-Time Buyer Game Plan” eBook — includes a worksheet to track assessed vs. market value
Chat live now to ask about appraisals, tax estimates, and negotiating tools
Schedule a call with a Stairway Mortgage advisor to get help with value estimates and property tax planning
At Stairway Mortgage, we give you the tools to buy smarter—
because knowing your numbers is the first step to growing wealth
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