Assessed value or valuation is the value against which a property tax is imposed. The assessed value is often lower than the market value because of state law, conservative tax district appraisals, and infrequent reassessment.
An Assessment Roll is a public record of the assessed value of property within a taxing jurisdiction. It is certified for completeness and accuracy by the tax assessor annually.
An Assessor Parcel Number (APN) is a unique identifier assigned to tracts of land and properties by a tax assessor, which is pivotal for property record-keeping and taxation purposes. It enables quick access to detailed information about the property.
An Assessor's Parcel Number (APN) is a unique numerical identifier assigned to each piece of real estate by a tax assessor for purposes of identification and record-keeping.
In real estate, a rendition refers to the offering of an estimate of property value to the tax assessor. It is also known as rendering.
A Tax Appeal or Tax Protest is an effort to reduce ad valorem property taxes, typically based on the argument that the assessed value is greater than the market value or that the assessment does not ensure equal and uniform taxation.
A tax assessor is a local government official responsible for determining the value of properties within a jurisdiction for taxation purposes, playing a key role in how property taxes are assessed and collected.
A tax roll is the comprehensive list of real estate properties within a specific jurisdiction that are subject to property taxes. It includes details about the properties' assessed values, which are used to determine the property tax liabilities.
