what s the difference between the assessed value and the appraised value 
to begin with they re both values associated with your home however the assessed value is determined by your local tax authority and used to determine your property tax the appraised value is determined by an industry professional and normally used in the mortgage application process to verify that the home is worth the amount sought by the borrower in addition homebuyers or sellers may seek an appraisal of a property that they wish to buy or sell 