tax appraisal

Official value estimate

A tax appraisal is an official estimate of a property's value for taxation purposes.

Local governments use tax appraisals to calculate property taxes owed.

The appraised value often differs from market value—homeowners may contest appraisals they believe are too high: We're appealing the tax appraisal on our house.

Opposites
valuation purpose

tax appraisalfair market value

Objective exchange price

sale price · listing price · market price · purchase price · asking price

assessment status

tax appraisaltax exemption

Freedom from governmental levies

property tax exemption · tax abatement

valuation accuracy to market

tax appraisalmarket price

Current exchange value

street value · negotiated price

Family

appraisal, taxes, taxing, taxation, taxable, appraise, appraises, appraised, appraising

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