You'll need to sign in or create an account to connect with an expert.
The taxable value is the value on which property taxes are calculated. You can find this information on the property tax statement, by contacting your city/county assessor's office or by checking their web site.
Taxable value and Fair Market Value are two separate things. Typically, when one is talking about taxable value, they are referring to the value assessed on the property by the local county property tax appraiser, for the sole purpose of determining how much in property taxes the property owner has to pay each year. This value is for the most part, easy to find on the website of your local county's property tax appraiser's website.
Typically, and depending on location, location, and location, the taxable value assessed by the property tax appraiser will be 30% or more below the actual fair market value of the property. Again, that's "typically", not always.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
kobo3
New Member
neitbria1995
New Member
2008taxes
New Member
wabec605
New Member
austintx
Level 2