Whether you’re searching for your next home to purchase or considering selling your current property, your home’s assessed value is important to know through every stage of homeownership.
The assessed value of your home is the estimate of your home’s worth in the current market, and this amount is what's used to determine your yearly property taxes.
As a homeowner, knowing your assessed property value can help you budget your money more effectively for property taxes and understand if you have enough equity built up to borrow a home loan.
If you purchased your home years prior and are considering selling the property, the current value has most likely greatly increased, so knowing the assessed price of your home can help when deciding how much to list your home for.
To calculate your home's assessed value, the market value of the home is multiplied by the decimal form of the assessment rate. The formula for this is:
Assessed Value = Market Value x (Assessment Rate / 100)
So, what’s the difference between assessment and an appraisal? The appraised value of your home is how much the property is worth on the market whereas the assessment is the number used by your local government to determine property taxes.
During an appraisal, usually a state licensed appraiser is sent out by a mortgage lender to examine the property. During the examination they observe the foundation, structure, square footage, HVAC system and more.
For assessments, your local government hires professional assessors to use data about the home, including previous years appraisals, to determine the worth of the property and how much taxes need to be paid on the property.
The assessed value of your home is constantly changing due to market conditions. Staying up to date with this information can prepare you, regardless of what step you’re on in the journey of homeownership.
As an incredibly driven and self-motivated Realtor®, my utmost passion lies in serving your best interests and guiding you through one of life's most significant decisions. With a deep understanding of the importance of a comfortable and nurturing home environment, I strive to help families create lasting memories in their ideal living spaces. My clients are my top priority, and I am committed to providing a seamless, stress-free experience from start to closing.
Originally from Rio de Janeiro, Brazil, I have called Massachusetts home since 1988, immersing myself in the region's rich natural beauty and historical heritage. Over the years, I have cultivated strong relationships within the community and acquired an intimate knowledge of the local residential markets. This unique combination enables me to offer invaluable insights and act as a dependable resource, skillfully matching clients with properties that perfectly suit their needs.
With over 22 years of experience in real estate and a background of 30 years in sales, I bring a wealth of expertise to the table. I approach each transaction with meticulous attention to detail, taking the time to listen and truly understand my clients' goals. By employing a contemporary marketing approach, leveraging strong negotiation skills, and maintaining constant communication, I provide a high-end service that ensures buyers find their dream homes within their budgets and sellers effectively market their properties for optimal returns. Witnessing the overwhelming joy of clients at a successful closing is immensely rewarding to me.
My dedication to personalized service and strict adherence to confidentiality are the cornerstones of my professional competency. Whether you are a first-time homebuyer or a seasoned seller, my warm and caring approach makes me the perfect agent to guide you through the process. As a testament to my track record of results, I have proudly achieved recognition as an award-winning Realtor, ranking among the top producers year after year.
Beyond real estate, I have a profound love for travel, enjoy golfing and participating in fitness classes. I am actively involved in volunteering with organizations such as "We all Volunteer", JFS, and I passionately support the life-saving work of St. Jude's Children's Research Hospital. Additionally, I nurture a deep interest in studying architectural characteristics during my travels.
It brings me tremendous joy to know that I am positively impacting people's lives through the life-changing decision of homeownership. Whether you are seeking to buy or sell your home, I am genuinely thrilled and honored to guide you along the journey and contribute to your success story.
