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Originally Posted by DuckMuck
Are these property values that are being quoted assessed by the government, or the actual market value of the house (i.e. the value that houses are actually being sold/exchanged hands in your neighborhood)? The property taxes being quoted here are really high compared to the actual property values though...I always thought American taxes were low compared to Canada...
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What your home is assessed at and what it is worth are usually two very different numbers.
A house with an assesment of $160k could be worth $600 easily.