The market values shown on the website are for the 2016 tax roll and reflect market values as of the January 1, 2016 statutory assessment date. Therefore, the market values shown on the website do not reflect today’s market conditions, but rather the market conditions as of January 1, 2016. The 2017 tax roll will be completed in July of 2017 and will reflect market values as of the January 1, 2017 statutory assessment date.
In addition, the statutes require the county Property Appraiser to deduct for typical costs of sale (which include expenses such as commissions, title insurance, appraisals, inspection fees, etc.) when arriving at market value for tax purposes.
The above noted statutory regulations result in a market value for tax purposes that is from seven to nineteen 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.