If you go directly to the Assets/Depreciation section under Rentals, you can enter whatever values you want on the Asset Entry Worksheet for your Rental Property/Land.
You're not required to use the New Rental Property Worksheet.
The property tax bill is just a guideline for you to allocate % of total value between building and land.
Basically, your depreciable value is what you paid for it, plus cost of improvements (minus land value).
@hz2020
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