Changes in 2017 property tax bill for rental condo include a value of the land where previous taxes listed land at $0.How does this change the depreciation for property?

[guyforte]

How would I make this change in 2017 taxes using a value of about 35% for the land the county now uses?

[PatriciaV]

There would be no change in your basis for depreciation. County property tax is based on market value. Your depreciation basis is the original cost plus any improvements less any casualty loss payments. If you considered the land portion of the purchase to cost you nothing, your original purchase reflects the rental condo only. This basis does not change when the market value changes.