Tax-Appraised Value

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Tax-Appraised Value

The value of a property as estimated by a person licensed to do so for tax purposes. The tax-appraised value may take into account the quality of the property, values of surrounding properties, and market conditions in the area. It is important for determining the property taxes for which the owner is liable. See also: Mill Rate.
References in periodicals archive ?
Sheperd introduced a resolution, passed unanimously by the Atlanta City Council, urging Fulton County tax officials to "take direct action to update tax appraised values.
Consistent media attention to the ANDP/RCLCO research over the last ten months in local news outlets helped to raise public awareness, keep tax assessors accountable, and fuel legislative efforts at the Georgia General Assembly to close the gap between home prices and tax appraised values.
While Clayton, Fulton and DeKalb continued to show the biggest gap between current market value and tax appraised value, the suburban counties--Cobb and Gwinnett--also saw their overpayment risk climb as foreclosures in the second half of 2008 began to depress home prices.