Jan Parsons This was the second time we listed a home to sell with Jan. As before, we were not disappointed. She was always reachable for our questions, whether via phone, text or email. The selling process can be quite stressful, and it was especially so for us as we had lived in our home for 37 years, but Jan was always there to calm our nerves and assure us that everything would work out. We hope this is our last move, but should we have a home to sell again, Jan will certainly be our first call! We are very pleased with the representation we received from Jan. Thank you, Jan for your patience, knowledge and friendship.
What is the Difference between Sale Price & Assessment?
Here is one of the most commonly asked questions at Assessment Notice time: We recently purchased a property, why is it assessed at a different price then the purchase price?
This could be due to a couple of reason:
First, the motivation of the buyers and sellers can affect sale price. Therefore, when very similar properties are sold during the same time frame, a range of sale prices can result. The market value assessment reflects sales in the middle of this range of prices. As a result, the assessment could be higher or lower than a specific selling price.
Second, market values may have changed between valuation day and the date you made your purchase. For example, in some areas, market values have increased since January 1. If this has happened in your area and you have only recently purchased your property, it is possible that your assessment, while representative of your type of home 3 or 4 months ago, will be lower than your purchase price.
The purpose of the assessment roll is not to reflect a single sale price, but to assess all properties at market value on the same valuation date, so that taxation is fairly and uniformly shared.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS
Listing Data updated: November 23, 2024, 2:00 pm
IDX information provided by the Indiana Regional MLS
