Due diligence
Understanding Assessed Value
Understand assessed value in Canadian tax sale research and how it differs from price, bid, and market value.
Assessment is not a purchase price
Assessed value is a public assessment figure used for taxation. It may lag market conditions and may not reflect title, access, condition, or sale restrictions.
Use assessment as a comparison tool
Assessment can help identify unusual spreads between public value and minimum bid. Those spreads should trigger deeper research, not automatic bidding.
Verify the assessment source
Confirm assessment numbers, property class, land size, and improvement details directly with official municipal or provincial records when available.