For 2006, it says assessed value- 14,863
I payed roughly $3000 in 2006 in real estate taxes.
What does the figure 14,863 mean?
2007-05-18 12:15:19 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It means that the assessed valuation (for tax purposes) is $14,683.00. Bear in mind that assessment valuations are sometimes FAR from real market values. Your concern, assuming that your house is assessed at ten percent of market value, is that other homes in the taxing district are assessed at a similar percentage of THEIR market values.
2007-05-18 12:19:06 · answer #1 · answered by acermill 7 · 1⤊ 0⤋
honestly, very little. That's the value that the government determines your taxes on. It is ALWAYS lower, and some times significantly lower, than the fair market value of the property. In this one instance, a low value for your home is a good thing.
2016-05-17 05:11:57 · answer #2 · answered by ? 3 · 0⤊ 0⤋