If you are wondering if you should try to lower your tax assessment instead of leaving the higher tax assessment as it is to try to sell your house quicker, it might not work in your favor since a higher tax assessment may indicate a higher resale value to a Buyer who does not understand the difference between a tax assessment and an appraisal. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that a tax assessment is an estimate on the value of your property solely for the purpose of determining how much you owe in property taxes. On the other hand, an appraisal is performed by a licensed appraiser to determine the real market value of your home; how much your home will probably sell for in the open market. We would say that having a higher tax assessment may be helpful. It’s one of the first things a buyer or their agent will probably look at to determine how much to offer and if your asking price is within reason. Check out below to see what sold in Hickory Creek in January 2016:
17389 Lake View Circle, Northville: 3 bedrooms, 3.1 bathrooms, 2,504 sq. feet, 2 car garage, Sold Price: $360,000
A new tax value is usually assessed when you sell your house based on the selling price of the property, no matter what is was valued before. For more information on Hickory Creek, or similar Northville or Novi neighborhoods such as Lairdhaven, Country Club Village and Blue Heron Pointe, contact The DiMora Team today at 248-505-7728 or email@example.com.