• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

Sacramento Appraisal Blog | Real Estate Appraiser

Real estate appraisals for divorce, estate settlement, loans, property tax appeal, pre-listing and more. We cover Sacramento, Placer and Yolo County. We're professional, courteous and timely.

  • About
  • Appraisals
  • Order
  • Ask Ryan
  • Areas
  • Classes
  • Press
  • Trends
  • Share
  • Contact

What is the difference between “assessed” value and “appraised” value?

April 6, 2011 By Ryan Lundquist 2 Comments

Maybe you’ve wondered before if there is a difference between “assessed” value and “appraised” value? Here are five key distinctions.

1)  Assessed value is a dollar amount assigned to a property by the Assessor’s Office typically for the purpose of assessing taxes. Appraised value is an evaluation of a property’s value for any point in time by a professional appraiser.

2)  Assessed value is rendered by the Assessor’s office or county, while appraised value is rendered by a professional appraiser.

3)  Assessed value is deciphered through using a mass-appraisal process without inspecting each property, while appraised value most often includes actually inspecting the property to determine the value (not always though as there is such a thing as a desktop appraisal where the appraiser values a property without leaving the desk).

4)  Assessed value in California is based on the date a property was purchased, while appraised value can be based on any date – whether today, yesterday or years ago. As an FYI, assessed value in California is governed by Proposition 13, which basically means that a property will be assessed based on its purchase price from 1975 onward and will have annual increases limited to the inflation rate or 2%, whichever is less (read more here). The Proposition 13 value is commonly referred to as the “base year value” because subsequent years of taxation are based on that value.

5)  Assessed value segments land and improvements in the valuation, whereas appraised value may or may not do this depending on the needs of the client and scope of work. For example, the Assessor might state a property is worth $250,000 and the land in this circumstance is worth $100,000 while the improvements are worth $150,000 (house and anything on the site). 

Do you have any questions? Can you think of any other differences? Comment below. 

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook.

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Related

Filed Under: Appraisal Stuff, Resources Tagged With: appraisal service in Sacramento, Appraised Value, appraiser in Sacramento, Assessed Value, Dispute Property Taxes, fee appraiser, Lundquist Appraisal Company, mass-appraisal process, Prop 13, property taxes in Sacramento County, Proposition 13 in California, Reduce Property Taxes, sacramento appraisers, Sacramento County Assessor, site value

Reader Interactions

Comments

  1. jim fowler says

    April 6, 2011 at 12:24 PM

    assessed value is looking at sales the previous year,usually from Oct. to Oct.
    appraised value is looking at most recent sales

    Reply
    • Ryan Lundquist says

      April 6, 2011 at 4:28 PM

      Great comment, Jim. I was at a conference all day today and when your comment came through on my mobile phone I laughed because I had forgotten to mention such an important factor. The Assessor values properties as of January 1 here and they say comparable properties between January 1 to March 31 are acceptable for useage (though really the properties just before January 1 are very important too). Thanks again.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Subscribe to Weekly Post

(only 1 post per week)

Connect with Ryan

 Facebook Twitter LinkedIn YouTube Google+ Pinterest

Search this site

Blog Categories

  • Appraisal Stuff (390)
  • Bankruptcy (3)
  • Divorce (4)
  • Estate Settlement (6)
  • FHA Appraisal Articles (56)
  • Internet (53)
  • Market Trends (417)
  • Photos from the Field (126)
  • Property Taxes (70)
  • Random Stuff (222)
  • Resources (553)
  • Videos (161)

Blog Archives: 2009 – 2017

Lundquist Appraisal Links

  • Appraisal Order Form
  • Appraisal Website
  • Rancho Cordova Appraiser Website
  • Sacramento Appraisal Blog Sitemap
  • Sacramento Real Estate Appraiser Facebook Page
  • Twitter: Sacramento Appraiser (@SacAppraiser)
  • YouTube: Sacramento Appraiser Channel

Most Recent Posts

  • My blog is 10 years old today
  • The players in the market & normal pendings
  • How do we value a house with a HUGE non-permitted addition?
  • More owners, less sales, & confidence
  • Being neutral, price per square foot, and the Governor’s new digs
  • At least read this part of the appraisal
  • Will buyers step on the gas or brakes in 2019?
  • Real estate trends to watch in 2019
  • The real estate left behind after a fire
  • An underrated metric & slumping volume

Disclaimer

First off, thank you for being here. Now let's get into the fine print. The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist.

Please see my Sharing Policy on the navigation bar if you are interested in sharing portions of any content on this blog.

The information on this website is meant entirely for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or any other potential real estate or non-real estate purpose. The material found on this website is meant for casual reading only and is not intended for use in a court of law or any other legal use. Ryan will not appear in court in any capacity based on any information posted here. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose or valuation consulting, please contact Ryan at 916-595-3735 for more information.

There are no affiliate links on this blog, but there are three advertisements. Please do your homework before doing business with any advertisers as advertisements are not affiliated with this blog in any way. Two ads are located on the sidebar and one is at the bottom of each post. The ads earn a minor amount of revenue and are a simple reward for providing consistent original content to readers. If you think the ads interfere with your blog experience or the integrity of the blog somehow, let me know. I'm always open to feedback. Thank you again for being here.

Copyright © 2019 Sacramento Appraisal Blog