Does increase in assessed values mean higher selling prices?
If you plan to sell your home this year you should not be too hasty in believing that the recent increase in your property assessed value will mean a higher listing price. The raise may well filter through in the longer term but not in the short term. What the increase will do though is give potential buyers more confidence that the home they are buying may be worth the asking price. Sales and home prices are still more a reflection of market forces than by assessed values.