the.com/property values
the number that turns 'lovely neighborhood' into a fighting word.
means the estimated market worth of real estate, driven by location, condition, and whatever everyone else nearby is willing to pay.
from emerged as a formal concept with modern property taxation and mortgage lending in the 19th century, when governments needed a repeatable way to assess land worth for taxes and banks needed one to justify loans.
assessed vs markettax value and sale price often disagree wildly
school district effectgood schools can add double digits in percent
euphemism historyonce used to justify racially exclusive zoning laws
comps drive everythingyour house is worth what neighbors' sales say