What Is Appraised Value?

Definition
The appraisal district's estimate of your property's market value as of January 1 of the tax year. This figure represents what the district believes your home would sell for in an open-market transaction and serves as the starting point for your assessment.

Why This Matters for Your Protest

The appraised value is the number you actually protest. If the district's estimate is higher than what comparable homes in your area have sold for, you have grounds to challenge it. A successful protest lowers your appraised value, which in turn reduces your assessed value and your tax bill.

Related Terms

Assessed Value Market Value Comparable Sales (Comps) Overassessment

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