Second question, sorry not such thing. The actual value that a property is worth is what someone else will pay for it. The only way to find out is at the the sale. EVERYTHING esle is just an estimate of value and as you are no doubt finding out, some sources estimate better than others.
I am not in agreement with my colleagues here on the difference between a properties tax assessed value and it's real market value. In the current market, I'd say the tax appraisers in these three counties are trying to hit 85 to 90% of market value when setting the tax value. I also see a lot of resistance to them lowering tax values further than they already have.
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That makes perfect sense! Listed for $190K with an assessed value of $140K... Usually, the assessed value of a property is about 20-30% lower than market value. There are certain neighborhoods, not many- where market value is double that of assessed value and many variations of that rule of thumb.
Actual value is something that is subjective. Your opinion of actual value- is what you believe the property is worth. That belief may be far different from other potential buyers and also far different than that of a lender or seller.
Mott Marvin Kornicki, Broker
Waterway Realty of Florida
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8811 Harding Avenue | Surfside, Florida 33154
The assessed value as published by Zillow will be an algorithm of home sells in the area over a few months, which will not take into consideration what type of sell it was or the conditions of the home. If you look at the assessed value from the county records they will likely indicate 80% of market value in something sold several years ago, but on newer sells it will take a year to readjust to the new sale price, at which point the taxable value drops to match the new lower price.
Bottom line, homes that have not sold recently take longer to adjust to new community prices. If there are any specific properties you want info about, just click on my photo and contact me. I have been in the Four Corners area for about 20 years.
Charles Rutenberg Realty
For what it is worth today, there is no site that can predict it, nothing beats a true market analysis or assessment of what it is worth in todays market by an experienced agent