Sellers sometimes feel that a higher tax assessment by the appraisal district will justify their sale. A common misconception that buyers and sellers have is that the tax appraisal district assessment is an indication of market activity. It is important for your agent to provide both Buyers and Sellers with a comprehensive market analysis of the neighborhoods and areas to see the difference between market value and appraisal value. An overtaxed property can potentially scare buyers away from their intent to purchase the property. A Seller should act diligently and protest their tax assessments as needed to be current with the neighborhood tax assessments.
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