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 ?

To understand and quantify the risk for overpayment of property taxes in Atlanta's highest-foreclosure neighborhoods, ANDP hired Robert Charles Lesser and Company (RCLCO), a national real estate advisory firm, to compare home sale prices and tax-appraised values in the five-county core of metro Atlanta (Clayton, Cobb, DeKalb, Fulton and Gwinnett Counties).

More than their share: property taxes in Atlanta neighborhoods hardest hit by foreclosures: as the foreclosure crisis continues to decimate neighborhoods across the country, it leaves in its wake displaced families, vacant homes and the potential for inflated property taxes