This value is what the government takes into consideration when calculating property taxes. The assessed value is typically lower than the fair market value of a house — about 20 to 40% lower.
Read more: What is Your House Really Worth?
Zach Child is a recent graduate from the University of Washington with an interest in digital marketing strategy. At Sundae, Zach is part of the team that distributes editorial content across social channels and is responsible for the creation of visual content that helps grow Sundae’s brand.