Quote:
Originally Posted by Onebadcad
Market Value is a non-factor mostly, it is used when a sale takes place and the sale amount is below market value; usually done as arms-length between family, friends and those looking to screw the county and city on the tax bill.
I believe this is the only reason to assign each property with a market value, as the county will use that amount for taxes, not the sales price.
Usually, if sales appears normal, you will be assessed up to 90% of the sales price.
The assessed value is multipled by the millage rates of each taxing authority to total your Ad Valorem tax bill.
|
They can and do pull that Just (Market) Value out of a hat.
Don't believe their BS.