Is tax value the same as market value? No
Tax value is the Counties' assessment of property value not a licensed appraiser. Sometimes the tax value can actually be higher than a home's market value.
The County does not apprise each individual property annually and they use the square footage they have on record times a calculated rate per square foot that is derived from random checks around an area.
Real Estate agents can perform a CMA (Comparative Market Analysis) and give you a range of expected value, but only an Appraiser is allowed to give an opinion of specific value.
If the tax value is less than the licensed appraiser's that means you will pay less tax than you would if it was equal. With that said if the licensed appraiser's value is less than tax value you may need to contact the tax department.
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