Tax-appraised Value

Definition of "Tax-appraised value"

Debra Fuxan real estate agent
Debra Fuxan, Real Estate Agent Charles Rutenberg Realty

Estimate of an asset that is used to determine tax obligations. It is usually in the interest of the owner to have a low value put on a piece of property for tax purposes. However, the owner sometimes wants the same property to carry a higher appraisal value for insurance purposes so that losses can be easily recovered if the property is lost or damaged.

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