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mmoss2020
New Member

Where do I find taxable value of my home? First time home owner with an escrowed account and the only tax information I have doesn’t have a clear answer on this.

 
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2 Replies
MayaD
Expert Alumni

Where do I find taxable value of my home? First time home owner with an escrowed account and the only tax information I have doesn’t have a clear answer on this.

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.

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Carl
Level 15

Where do I find taxable value of my home? First time home owner with an escrowed account and the only tax information I have doesn’t have a clear answer on this.

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.

 

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