What Is Assessed Value?

Definition
The dollar amount placed on your property by the county appraisal district for the purpose of calculating property taxes. In Texas, assessed value for homesteaded properties is capped at a 10% annual increase, so it may be lower than the appraised (market) value.

Why This Matters for Your Protest

Your assessed value is the number your tax rate is applied to, so it directly determines your tax bill. If your assessed value is inflated, you are overpaying. Understanding the gap between your assessed value and what your home would actually sell for is the first step in deciding whether a protest is worth your time.

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