What Is Market Value?
Section 1.04 of the Texas Property Code defines market value as follows: ‘the price in which a property would transfer for cash or its equivalent under prevailing market conditions if: (A) exposed for sale in the open market with a reasonable time for the seller to find a purchaser: (B) both the seller and the […]
Can My Value Be Legally Based On Something Other Than Market Value?
There are provisions for valuing agriculture/timber land at production value, exemptions for homeowners, persons over 65 years of age, exemptions for disabled veterans, etc. If you value notice fails to indicate any exemptions or special valuation to which you feel entitled, please contact the appraisal district immediately.