Harris County, TX Property Tax Search

Market Value

A property's market value is the price a property would sell for under normal market conditions between a willing buyer and a willing seller. Both parties are assumed to be informed about the property's uses and restrictions, acting in their own best interests, and neither is under pressure to buy or sell.

Appraised Value

The appraised value is assigned to a property by the appraisal district and is the starting point for determining its taxable value. For most properties, the appraised value is the same as the property's market value. Qualified agricultural and timber land is appraised based on its productivity (use) value rather than its market value, as provided by the Texas Property Tax Code.

This property does not have agricultural or timber use value, therefore the appraised value will be equal to market value.

Assessed Value

A property's assessed value is calculated by subtracting the homestead cap loss from the appraised value. For qualifying residence homesteads, Texas law generally limits the annual increase in the taxable value used for taxation to no more than 10% each year, plus the value of any new improvements. If the property does not qualify for the homestead limitation, the assessed value is the same as the appraised value.