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What are the tax value, appraised value and insured value of my home?

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What are the tax value, appraised value and insured value of my home?

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A. The tax value is the value used by local government agencies for property tax purposes. The appraised value is the value a lender will use to make a home loan to you. The insured value is the value an insurance company will use when you insure your property. The insured value often will include personal belongings and possessions.

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