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If you’ve owned a home in Cypress for more than a year or two, you’ve probably noticed something that feels a little strange.
Your neighbor sells their house for one price. Zillow shows another.
And then the Harris County Appraisal District sends you a tax notice with a completely different value.
So which one is the real number?
The short answer: they’re measuring two different things.
Understanding the difference between market value and appraisal value can save homeowners a lot of confusion, and sometimes a lot of money.
Market Value
Market value is the simplest concept of the two.
It’s what a buyer is actually willing to pay for your home right now.
That number moves based on several factors:
