What is the role of escrow in a real estate transaction?

Feb 11, 2023 ... Yes, you can sell your home below fair market value, legally, and likely with no tax implications beyond a gift reporting (if under the exemption amounts). Property values are based on market values that fluctuate with general market conditions such as recent sale prices, supply and demand, demographic changes, ... The Property Assessment Division values all taxable property at 100 percent of market value. ... Where's My Refund? Check the status of your refund in the ... Use Redfin's home value estimator to get a free, instant home-value estimate, see nearby sales and market trends, and update your home facts and photos. How Do I Know the Fair Market Value of My Home? Real estate property is assessed by professional appraisers who can tell you its fair market value using ... Mar 17, 2022 ... The 'fair market value' is how much your home would sell for in a normal market and under ideal circumstances, with both the buyer and seller ... Sep 7, 2022 ... Market conditions also can affect your property value, even if you don't make any physical changes to it. Property tax rates. There's no legal ... We are required to assign market value to properties, as of January 2 each year. Our purpose is to determine the amount the property would sell for. Establishing your home's market value gives you greater control over your property taxes, insurance premiums, and the sale or refinancing of your home. Many ... The assessed values shown on the parcel assessment search do not reflect current year market values. They reflect the base year value of a property as it ...