Tax value vs. market value
It has always been my understanding that the tax value of your home is NOT synonymous with the market value, and is generally less than the market value. At least this is the way it was when I bought both of my homes. To get a true market value, you need an actual appraisal, right?
I ask b/c one listing agent that I met with told me that she pulled our tax records, and "this is what you paid 4 years ago, but unfortunately your house has decreased in market value" and pointed to the tax-assessed value. I happen to know that our tax assessment has increased since we bought the house. Am I crazy to think that tax assessment and market value are one and the same? Have things really changed that much in the market?