An important thing to remember is that appraisers do not create value.
People actually determine value by their transactions in the market place. The appraiser simply has the legal responsibility to analyze those transactions and appraise individual properties based upon what is happening in the market place.
The Appraiser's office does not determine taxes, but instead determines only the market value of the property. The amount of taxes each taxpayer pays is determined by all the taxing agencies, i.e., city, county, school districts, etc. and depends on the amount of taxes needed to provide all the services the taxpayers require. The assessed value is determined by multiplying the fair market value of the property, as determined by the County Appraiser’s office, by the assessment rate as outlined in the state constitution.
If you have any questions about your real estate values, please call 620-257-3830.