Home Value Estimator FAQs
Which is the most accurate home value estimator?
Online automated valuation model estimators (AVMs) like Redfin and Zillow can provide a helpful starting point, and comparing multiple tools gives you a better range. However, for a more accurate home valuation, consult a real estate agent who can evaluate your home's unique features and local market conditions through a detailed Comparative Market Analysis (CMA).
How can I estimate the value of my home?
Begin with online estimator tools (like the estimator above), but for a true market value, consider getting a professional appraisal from a licensed appraiser and a Comparative Market Analysis (CMA) from an experienced real estate agent. These professional evaluations provide a more accurate assessment of your home's worth based on proven methodology.
What is the difference between assessed value and appraised value?
Appraised value reflects a professional appraiser's estimate of current market value for mortgage lending, while assessed value is set by tax assessors (local government) to calculate property taxes and is typically lower than the appraised value.
Where can I find the assessed value for a home in North Carolina?
You can find a property's assessed value by visiting your local county tax assessor's website or office, where all real property values are updated at least once every eight years. Most North Carolina counties provide online property search tools where you can look up assessed values using an address, owner name, or parcel number.