HomeBlogPersonal FinanceMarket Value vs Assessed Value in Dardenne Prairie, MO Share on Like what you see? Share with a friend. Market Value vs Assessed Value in Dardenne Prairie, MO Chris Kirshenboim | September 14, 2020 Last updated August 10, 2026 Market value vs assessed value confuses most sellers in Dardenne Prairie, MO, and the confusion is fair. St. Charles County sets an assessed value for tax purposes, and Missouri law puts residential property on the books at nineteen percent of appraised value. That is the figure behind your tax bill. Market value is what a buyer would actually hand you for the house this month, in the condition it is in right now. Reassessment runs on a two year cycle while the market moves week to week, so your Dardenne Prairie home value on paper and your home value in practice drift apart, sometimes badly. Neither number is wrong. They answer different questions, and only one of them is the question you are asking when you decide to sell. If you want that one, look at recent closed sales on nearby streets, or take a no obligation offer and use it as a benchmark. You can sell your house in St. Louis or out here in St. Charles County on the same terms. What Is Market Value VS Assessed Value In Dardenne Prairie, MO Market Value In MO By Definition According to Fannie Mae, "Market value is the most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus." Basically, this is the amount you can expect to get if you keep your house on the market for a few months provided everything goes smoothly and you have potential homebuyers in Missouri coming to see your property on a regular basis. Assessed Value In MO By Definition According to Investopedia, "An assessed value is the dollar value assigned to a property to measure applicable taxes. Assessed valuation determines the value of a residence for tax purposes and takes comparable home sales and inspections into consideration." Understanding the assessed value can be a bit confusing. County property accessors give values to homes for tax purposes, however, these values are not reflective of changes in market value. The difference between the assessed value and the market value is known as the equalization rate. This rate is used by the county to figure your actual property value. Appraised Value In Missouri But wait, there's more. Your appraised value can differ from both of these. An appraisal is done by a licensed professional who rigorously checks all aspects of the home. While they might be 100% correct, this is still the opinion of one. Whereas other methods are mathematically calculated based off of your home's history and market conditions. What The Internet Has To Say About It In Dardenne Prairie, MO The large real estate sites have their own formulas for determining property values. These values are broad, and based on market conditions and information entered by users on the site directly. They do not always accurately reflect YOUR home personally. Think of it as Kelly Blue Book for cars. It is a close guess but determining what the ACTUAL market value can be much different. People report seeing these numbers off by $20k, $50k, and even more! What It Means For You As A Seller In Dardenne Prairie Do your homework! Make sure you have all the numbers listed above and understand terms such as the equalization ratio and fair market value. Make sure you are working with a true professional who can help you to accurately determine the market value of your home. Sell My House In Dardenne Prairie, MO Setting a great asking price is critical. You do not want to set it too high and have to repeatedly lower it to get Missouri home buyers in the door. Your pricing history is public information, and repeatedly lowering your price can make buyers think there is something wrong with it. And for obvious reasons, you don't want to set your asking price too low when you sell your house in St. Louis. To get the price you want you must exercise patience and make sure you are working with a true professional in Dardenne Prairie, MO. If You Want To Learn More About The Best Ways To Sell Your Dardenne Prairie, Mo Home, Send Us A Message Here Or Give Our Office A Call Now! (314) 334-1481 FAQs Frequently Asked Questions Does a tax reassessment change what my house will sell for? + No. The county figure affects your tax bill and nothing else. Buyers price on condition, location and recent sales, so a reassessment does not move what anyone is willing to pay. Can I appeal my assessed value in St. Charles County? + Yes. The county opens an appeal window after reassessment notices go out, and you can present comparable sales or an appraisal. Deadlines are strict, so check the date on the notice. Our St. Louis guide to assessed vs market value walks through the same math. Should I use an online estimate to price my house? + Use it as a rough starting point and nothing more. Automated estimates cannot see your kitchen or your roof, which is why sellers often ask whether to trust Zillow at all.
