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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.
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1 Reply
RobertB4444
Expert Alumni

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

 

@daniel-toth 

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