Carl
Level 15

Investors & landlords

For what purpose do you need a market value of real estate? It plays no part on a tax return really. The only way I can think of at the moment where market value comes into play, is if you inherited property.

Also, what the tax appraiser values property at for any reason (be it tax value, market value, or something else) really doesn't come into play for anything either when it comes to your income taxes.