tax value
Property's assessed amount
Tax value is the assessed worth of property—typically real estate—as determined by a government authority for the purpose of calculating property taxes owed.
This figure often differs from market value, as tax assessors use standardized formulas and may update valuations infrequently.
The county set the tax value of our home at $280,000, though we could probably sell it for more.
Homeowners sometimes appeal their tax value if they believe the assessment is unfairly high.
- depreciationAsset value reduction over time
- assessmentFormal evaluation of worth
- appraisalEstimation of worth
- exemptionsReleases from obligation
- cadastralOf property boundaries
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- property appraisalappraiser, real estate appraisal, assessor, site inspection, property survey
- art marketauction, art prints, art dealer, limited editions, art sale
- property taxproperty assessment, millage, county assessor, assessor, property appraisal
tax valuemarket value
Current trading price
sale price · fair market value · appraised value · actual value · real value
tax valuecommercial value
Monetary potential in sales
resale value · insurance value · sentimental value · aesthetic value
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