Assessed Values seem to carry a lot of weight in Vancouver when people are comparing homes to their listed and sold dollar amounts. While Assessed Values can be a useful reference point, final sale prices can be as much as 40% off of the assessed amount, both above and below. So what are Assessed values, how are they determined, and how are they sometimes so wrong? We get you answers to these questions and more while we dig much deeper into the world of Assessed Values.
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