What Is Your Home Worth?

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Your home’s market value is an important factor in a long list of financial decisions, including selling the home, refinancing your mortgage, borrowing against your equity, estimating your annual property tax bill, buying homeowner’s insurance, calculating the expected return on remodeling costs, managing your other investments, estate planning and so on. The trick is figuring out how much your home is worth — and remembering that how much you paid for it months or years ago isn’t relevant to its current market value.

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