Properties Market Value

[Yanique Bonelli]

Hello Everyone,

I was hoping someone can shed some light on this for me. I was researching a property I am potentially interested in purchasing, and I visited the Philadelphia county assessors website for additional information. The website listed figures for the Year, Market Value, Taxable land and Taxable Improvement for the property. Would it be safe to assume the figure listed for Market Value is an estimation of what the property would sell for on the open market. Or is this figure related to the tax figures in a different way ?

Thank you BP !