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value between reappraisals, but with the appraised value based on the previous reappraisal program. The Appraisal Process. An appraisal is an estimate of the Appraisal is a type of valuation used for mortgages, divorce, estate planning. Both involve market value but parameters (assignment conditions) Appraised vs Assessed Value
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Put simply, assessed value is the amount your local government thinks your home is worth; it's what is used to determine property taxes. What is the difference between an assessed value and an appraised value?
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