Does the the property assesment value in the San Diego reflect the current market value?

Asked by Sueann, La Jolla, CA Wed Feb 16, 2011

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Mike Shenkman…, Agent, La Mesa, CA
Wed Feb 23, 2011
In general, No. The property assessment is based on the county assessor of the land value and the improvements on it. Market value is the price people will pay for a property.

In California, this assessment does not change over time in the way a market value does based on supply and demand.

The most accurate way to find the value of a property is to have it appraised.
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