Market value doesn't have anything to do with market value. Heh. It's just a term the city uses to assess taxes and to put it in a formula to pop out a number. Same with "assessed value."

Your real estate agent can run some comps for you--comparable values of things sold within the past 6 months--in similar condition to let you know what you should be paying for the house--which is what appraisers use to determine what market value is.

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Resident of Fishtown, Moderator of Fish/No. Libs/Kenzo forum, Real Estate Agent-Prudential Fox & Roach