HomeBlogPersonal FinanceAssessed Value vs Market Value in St. Louis Share on Like what you see? Share with a friend. Assessed Value vs Market Value in St. Louis Chris Kirshenboim | November 2, 2023 Last updated August 9, 2026 Assessed value vs market value trips up most sellers, because the county sends one number and a buyer offers another. The assessed value is what St. Louis County or the City assigns your property for tax purposes. Missouri puts residential property on the books at nineteen percent of its appraised value, so the taxable figure on your bill is a fraction of what the house is worth. Market value is what someone will actually hand you for it this month, in the condition it is in, with the roof it currently has. The two move on different clocks. Reassessment runs on a two year cycle in Missouri while the market shifts week to week, which is why they drift apart. Neither is wrong. They answer different questions. So do not price off the tax bill. Pull recent closed sales on your street, or take a no obligation offer and treat it as a second data point. You can sell your house in St. Louis without ever listing it, and seeing the number costs nothing. Table of ContentsAssessed Value vs. Market Value: What's the Difference?How St. Louis Home Buyers and House Buying Companies Can HelpHow to Learn MoreConclusionLOOKING TO DO A DEAL IN MO? CONTACT US TODAY FOR POSSIBLE PARTNERSHIPS! Assessed Value vs. Market Value: What's the Difference? 1. Assessed Value: This is the value your local government assigns to your property for tax purposes. It's mainly based on factors like your property's size, age, condition, and local tax rates. The assessed value is typically lower than the market value. 2. Market Value: Market value is the price your property could sell for in the open market. It depends on various things like where your property is located, how much demand there is for it, how many similar properties are available, and its condition. Market values change as the real estate market changes. How St. Louis Home Buyers and House Buying Companies Can Help St. Louis home buyers and house buying companies know the ins and outs of these values and can assist you in several ways: 1. Accurate Valuation: They can provide you with a reliable estimate of your property's market value. They take into account the latest market trends, recent property sales in your area, and the unique features of your property. 2. Quick Transactions: If you're looking to sell your property, these professionals can make the process quick and straightforward. They can turn your property into cash without the lengthy delays that often come with traditional real estate sales. 3. Navigating Probate: If you're dealing with a property in probate, St. Louis home buyers and house buying companies can guide you through the process. They ensure a fair assessment of market value and help streamline property transactions. How to Learn More If you want to dig deeper into how St. Louis home buyers and house buying companies can assist in property transactions, check out our blog post, "St. Louis Home Buyers in Probate and Real Estate." It provides insights into their role in probate real estate and property dealings. Conclusion In St. Louis, understanding assessed and market values doesn't have to be complicated. These values play a crucial role in real estate, and St. Louis home buyers and house buying companies can be your trusted partners. They provide accurate valuations and make buying or selling property much more straightforward. Whether you're a buyer, seller, or someone dealing with probate properties, these professionals are here to help you navigate the real estate world with ease.For more information and expert guidance, reach out to Chris Buys Homes STL and explore the resources on our About Us and Sell Your House in St. Louis pages. LOOKING TO DO A DEAL IN MO? CONTACT US TODAY FOR POSSIBLE PARTNERSHIPS! FAQs Frequently Asked Questions How do I find the market value of my house? + Look at what similar homes nearby actually closed for in the last few months, not what they were listed at. An agent can pull comparables and a cash offer gives you a second reference point. Plenty of sellers also ask whether they should trust Zillow for this. Why is my assessed value lower than what I could sell for? + Missouri assesses homes at nineteen percent of appraised value, and reassessment lags the market by up to two years. A low assessed figure is normal and does not mean the house is worth less. Does a higher assessed value mean a higher sale price? + No. The county is estimating for tax purposes with limited information about your interior. Condition, updates and timing drive what a buyer pays, which is why market value vs assessed value can differ by tens of thousands.
