Property tax assessments vs appraisals
I am looking at some county tax records that show :
- Land Appraisal: $7100, Property appraisal: $30300 and Total appraisal: $37400
Then below there is a Total Assessment value that is considerably less than the total appraisal, $9350
I understand the difference between appraisal and assessment, but I am not sure how to interpret those numbers above for tax calculation purposes.
Thanks