Methodology

This column displays the percentage of the List Price vs. the Tax Assessed value of the home. Though Tax Assessments are supposed to be performed regularly, they are sometimes outdated, and thus may not reflect the true value of the home. Nonetheless, this assessed value gives a ballpark estimate of what the county believes the house is worth.

Looking at the List Price as a percentage of the Tax Assessed value can give you a quick indication on whether the seller is trying to sell the home for above or below this assessed value. A % Tax Assessment below 75% might indicate that the house needs work or is in some other form of distress.

The tax assessed value is gleaned from the State and County websites for each state that reports the assessed value publicly on the Web. Unfortunately, not all states report the tax assessed value publicly, and thus some states will not be able to utilize this column.