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- The appraised value of a home, determined by a professional appraiser, is a key component in calculating property taxes. This value estimates the current market worth of a property. Local tax authorities use this appraisal to set the assessed value, which is a percentage of the appraised value.admortgage.com/blog/what-is-property-appraisal/
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WebJul 19, 2023 · The goal of an appraisal is to determine a property's market value – the most probable price that the property will bring in a competitive and open market. Market price, the price at which...
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