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Emma's property is assessed at $650,000. her property qualified for a $50,000 homestead tax exemption and was appraised at $800,000. what is the taxable value of emma's property?
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Nov 6, 2018
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Emma's property is assessed at $650,000. her property qualified for a $50,000 homestead tax exemption and was appraised at $800,000. what is the taxable value of emma's property?
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Emma's taxable property value should be $600,000 since her taxes will be based on the assessment not the appraisal and also because she gets the $50,000 tax reduction so therefore to reiterate she will be taxed on only the $600,000.
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Nov 10, 2018
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