Market Trends & Data

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Adriel Cisneros
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  • Bozeman, MT
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Appraise Value vs Market Value (Cook County)

Adriel Cisneros
  • Investor
  • Bozeman, MT
Posted May 25 2023, 10:42

For those in Cook County, IL -- generally what is the delta expressed as a percentage between these 2 variables? 

Is it roughly 10 percent or higher?

Would a recent tax appeal impact the appraised value to the downside? 

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Eliott Elias#3 All Forums Contributor
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  • Austin, TX
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Eliott Elias#3 All Forums Contributor
  • Investor
  • Austin, TX
Replied May 25 2023, 16:24

Market value is what a willing and able buyer pays for the property, regardless of what the appraisal is.

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Adriel Cisneros
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  • Bozeman, MT
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Adriel Cisneros
  • Investor
  • Bozeman, MT
Replied May 25 2023, 18:34

Appreciate the response. I was asking for data that would highlight the spread between appraisal and market.