What Is the Difference Between Market Value and Selling Price?

A home's selling price and its market value are often similar, but they are not always identical.

Market conditions, negotiations, home condition and financing can all influence the final selling price.

Property assessments are not determined solely by the amount a buyer paid for a home.

Understanding this distinction helps homeowners better understand assessment records and property tax information.

AIDOTAX helps organize property information and comparable properties before preparing an assessment review.