The market values shown on the website are for the 2012 tax roll and reflect market values as of the January 1, 2012 statutory assessment date.  Therefore, the market values shown on the website do not reflect today’s market conditions, but rather the market conditions as of January 1, 2012.  The 2013 tax roll will be completed in August of 2013 and will reflect market values as of the January 1, 2013 statutory assessment date.

In addition, the statutes require the county Property Appraiser to deduct for typical costs of sale (which include expenses such as commissions, title insurance, appraisals, inspection fees, etc.) when arriving at market value for tax purposes.

The above noted statutory regulations result in a market value for tax purposes that is from eight to twenty months old, depending on the date you refer to the tax roll shown on the website.  Additionally, the value reflects a deduction for costs of sale.  For these reasons, the market value for tax purposes is different from what a property would sell for today.