Appraise Value vs Market Value (Cook County)
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?
Eliott Elias
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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- Austin, TX
Market value is what a willing and able buyer pays for the property, regardless of what the appraisal is.
Appreciate the response. I was asking for data that would highlight the spread between appraisal and market.
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