There is no "Improvement value" on the property tax bill for a condo we purchased in 2024. There are "Assessed value" and "School Assessed Value". Which one should I use?

The school assessed value (which is closer to the amount we paid for the condo) is significantly higher than the assessed value.

587

Expert Alumni

Mar 3, 2025 4:08:05 PM

The school assessed value is the value that the school is taxing you on. You can use that as the 'improvement value' in this instance.