
Main message:
One of the biggest mistakes homeowners make is assuming that the municipal valuation on their rates account is the true market value of their home.
I recently worked with a property in a high-end residential area where the municipal valuation was very high.
But when we did a proper market valuation, using real sales data and current buyer demand, the property was actually worth significantly less.
Now here’s where the problem starts 👇
When a seller wants to sell, they often use the municipal valuation as a benchmark.
So when offers come in lower — or when a bank or estate agent values the property lower — it feels like they’re losing money.
But the truth is:
👉 You’re not losing money.
👉 You’re discovering the real value of your property.
Municipal valuations are mainly used to calculate rates and taxes, not to determine what buyers will actually pay in today’s market.
Yes, we all want our municipal valuation to be low so that we pay lower rates.
But when it’s unrealistically high, it can:
Create false expectations
Delay sales
Cause bond approvals to fail
And cost you time and money
That’s why it’s critical to get a professional, market-related valuation.
And if the municipal value is wrong — too high or too low — you can actually object, but only if you have the correct facts and data to support it.
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If you want to know what your property is really worth — not what a statement says — speak to a professional.