*The Dave Ramsey 'Baby Steps' Thread*

[WinterSolider]

Just wondering how you calculate your House's Value? Assessed Tax Value or go with Zillow/Realtor Value?

Assessed tax value has absolutely nothing to do with reality. My $1 million house has an assessed tax value of $400,000. Counties and municipalities have their own complicated formulas that include things like homestead exemptions that's are specific to that jurisdiction.

The most realistic value would be the average estimate from at least three different real estate sites, minus the 6% commission you'd have to pay to a realtor to sell it.