Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If I bought my house last year, shouldnt the value be the same as what I paid for it a year ago?

April 26, 2017a year ago bought House paid value

0

Posted

If I bought my house last year, shouldnt the value be the same as what I paid for it a year ago?

1 Answer

0

Posted

One sale by itself does not determine market value. In addition, inflation and other market conditions may affect the market value of your home as of January 1. The price you paid for your house is verified by the county appraiser and then considered along with sales of similar properties.