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Old 07-15-2007, 05:06 PM
 
268 posts, read 1,186,635 times
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Default What is just value compared to assessed value?

If a property has an assessed value of say 9000. The just value is 300,000. What does this mean?
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Old 07-15-2007, 05:09 PM
 
268 posts, read 1,186,635 times
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oh and the appraised value is also 9000. This property is land only. It has not property on it.
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Old 07-15-2007, 05:19 PM
 
Location: North Pittsburgh
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Quote:
Originally Posted by urbandeco View Post
If a property has an assessed value of say 9000. The just value is 300,000. What does this mean?
Assessed value - is the value that the property tax is based on.

Just value - Market value - what the property sold for.
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Old 07-15-2007, 05:47 PM
 
268 posts, read 1,186,635 times
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ok, well the property was not sold but would just value be what the property could or should sell for?
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