Assessors perform property valuations for the purpose of tax assessment. Buyers and sellers make investment decisions culminating in a market price. The valuation by assessors is supposed to be fair and equitable and to amount to a prescribed proportion of market value. We investigate the property features considered by assessors in arriving at the assessed value, and by buyers and sellers in arriving at the market price. We also explore what factors appear to be considered differently by the assessors and the market thus contributing to overassessment or underassessment of property taxes. The analysis deals with income properties centrally located in Stockholm, Sweden.
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