{"id":8551,"date":"2018-02-27T02:48:20","date_gmt":"2018-02-27T02:48:20","guid":{"rendered":"http:\/\/www.realestatewords.com\/?page_id=8551"},"modified":"2022-05-19T14:36:41","modified_gmt":"2022-05-19T14:36:41","slug":"taxable-value","status":"publish","type":"page","link":"https:\/\/www.realestatewords.com\/taxable-value\/","title":{"rendered":"Taxable Value"},"content":{"rendered":"<h2>Taxable Value Definition<\/h2>\n<p><strong>Taxable value<\/strong> is the financial worth of a property assigned by the local governmental taxing authority to determine the basis or method of taxes paid.<\/p>\n<h2>Explanation<\/h2>\n<p>The taxable value is rarely the <a href=\"https:\/\/www.realestatewords.com\/value-of-property\/\">market value of property<\/a> or even the <a href=\"https:\/\/www.realestatewords.com\/assessed-value\/\">assessed value<\/a> as the taxable value may have some exemptions (i.e <a href=\"https:\/\/www.realestatewords.com\/homestead-exemption\/\">Homestead Exemption<\/a>) or some other factor that the <a href=\"https:\/\/www.realestatewords.com\/local-housing-authority\/\">local housing authority<\/a> applies to determine the annual <a href=\"https:\/\/www.realestatewords.com\/property-tax\/\">property taxes<\/a> paid.<\/p>\n<p>Every state has a different method for determining taxable value<\/p>\n<p>Taxable value is NOT the same as <a href=\"https:\/\/www.realestatewords.com\/market-value\/\">market value<\/a> and is not typically representative of what a property is actually worth at the current time if sold.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"shortcode_tabs horiz_tabs\"><div class=\"scT\"><ul class=\"scT-tab clearfix\"><li class='tS' style='width:100%;'><a>Expert Contributor<\/a><\/li><\/ul><div class='scTC scTC960' style='display:block;'><p>\n<p><strong style=\"font-size: 15pt;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10445 \" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2022\/05\/Glen-Kangas-Real-Estate-Appraiser.jpg\" alt=\"\" width=\"150\" height=\"173\" \/>Glen Kangas<\/strong><\/p>\n<p><em>REAL ESTATE APPRAISER<\/em><\/p>\n<p>Expert contributor at RealEstateWords.com<\/p>\n<p><a href=\"https:\/\/www.realestatewords.com\/contributors\/glen-kangas\/\"><strong>View profile<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/p><\/div><\/div><\/div>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10688 aligncenter\" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2020\/03\/Real-Estate-Words-Contributor.png\" alt=\"Real Estate Words Contributor badge\" width=\"200\" height=\"168\" \/><\/p>\n<p style=\"text-align: center;\">Interested in becoming a contributor? Apply for our <a href=\"https:\/\/www.realestatewords.com\/contributor-program\/\">Expert Contributor Program<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taxable Value Definition Taxable value is the financial worth of a property assigned by the local governmental taxing authority to determine the basis or method of taxes paid. Explanation The taxable value is rarely the market value of property or even the assessed value as the taxable value may have some exemptions (i.e Homestead Exemption) [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/8551"}],"collection":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/comments?post=8551"}],"version-history":[{"count":5,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/8551\/revisions"}],"predecessor-version":[{"id":11318,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/8551\/revisions\/11318"}],"wp:attachment":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/media?parent=8551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}