Over 40% Of Houses Sold For Less Than Assessment In 2018

The fair market value set by the Supervisor of Assessments Office is not always in range of the actual selling price, according to an analysis of Washington County real estate transactions in 2018.

Forty-four percent of houses sold last year had selling price less the market value set by assessed valuation. Only 27 percent sold in the normal range, and another 28 percent sold for more than the normal range as set by the assessed valuation.

For full details and town-by-town sales, see this week’s issue.

The house on Fifth St. in Okawville with an assessed valuation/market value of $62,000 was sold to a contractor for $22,500.