Market Value for Tax Purposes is Different from what a Property Would Sell for Today
The market values shown on the website are for the 2012 tax roll and reflect market values as of the
In addition, the statutes require the
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.