Before you sell your home, see our estimated home values, ask a REALTOR for a personalized home value report, and more.

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Dear Real Estate Adviser, How do I determine the fair market value of an inherited home at the time of a relative’s death? – al. dear al, First, I’m sorry for the loss of your family member.

Since property information like assessed values is a matter of public record, there is no charge to find the real estate tax assessment on your home. Some county recorders may give you this.

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Estimate of your home’s market value. Now you have three sale prices that can be used as a rough estimate of your home’s market value. If you conclude that the assessor’s estimated market value of your home is too high, then you should contact the assessor’s office to learn the procedures for an informal assessment review.

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If you confirm the mortgage information, we’ll update everything based on that. Home value has a slightly different meaning if you ask a homeowner, appraiser or tax assessor. But in most cases, home value means the amount for which a house would likely sell, otherwise known as the current market value.

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A home equity line of credit leverages the value of your home and uses that equity to provide you with access to cash for big purchases, home improvements and more. Check your eligibility and the requirements for a home equity line of credit and apply today.

Why home value is important. Determining your home’s value means greater control over these processes. property taxes are almost always open to appeal, for example. If you can prove an assessment is too high by pulling comps, you may be rewarded with a lower tax bill.

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