In this informative podcast, we'll be discussing the differences between assessed value and appraised value in real estate. We'll explain how assessed value is used to calculate property taxes and how it's determined by the government or a tax assessor's office. We'll also delve into how appraised value is used by lenders to determine how much to lend to a buyer and by sellers to determine a fair asking price. By the end of the episode, you'll have a clear understanding of the differences between assessed value and appraised value and why they matter in the world of real estate.