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Determining buyout price with co-owner. Tax assessment vs fair market value

Bought a house with my (now ex) girlfriend in 2018. Never married, no kids. We are both on the mortgage and title.

She wants to keep the house as she has good family/financial support & I would not be able to qualify by myself.

She talked to our credit union and they qualified her to take a HELOC out in order to pay out the remaining balance of our mortgage. She plans to pay me out using her family support.

When she got approved for the HELOC they based it off of the tax assessment. I’ve looked at sales in our area for 2025, houses with the same blueprint and comparable sq ft sold for 70-100k more than the tax assessment. For this reason I want to get an appraisal.

  1. When determining buy out, is it common to go off of a tax assessment? Her lender and her friend who is a lawyer told her that getting an appraisal is “a waste of time and money.”

She got upset when I mentioned appraisal and now thinks I’m “penny pushing.” I’m just going off what I read online?

submitted by /u/MISTAH_BOOMBA
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source https://www.reddit.com/r/RealEstate/comments/1p69uf2/determining_buyout_price_with_coowner_tax/
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