Notice of valuation

My husband is a realtor, and he says its just what you will be taxed on. Its not the actual value of your home. You want this lower because you pay less taxes. The only way to determine actual value depends on what the buyer is willing to pay for it. An appraisal is the next closest thing to determine an accurate value of your home.

One Happy Mom in Arizona.

The lower the valuation from the county assessor's office the lower your property taxes will be (which is a good thing). This is not a 'true' value of your property, meaning if you were to get it appraised or have your Realtor do comparatives in your neighborhood, the value of your home should be close to the price in which you purchased your home for, depending on when you purchased it. Hope this helps! :-)

Yep...after a few years and that valuation amount gets higher, you'll be complaining and remembering the good ol' days when it was "reasonable"! A low valuation is a very good thing!

Like the previous posters have said, the lower the better! The lower the amount on your valuation, the lower you'll pay in property tax.

A couple years ago after we built our house we got our valuation notice from the county assessor and our value was much higher than it should have been. I'm talking about $400,000 higher! It's always good to read through the notice and make sure the value is correct. You can also compare the valuation of your house to every house in your neighborhood on the county assessor's site. It's public records, but I still kind of felt like a snoop because it shows what every house was purchased for and their tax value. Once again, the only time you need to appeal is when they value it too high!