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How are properties appraised in Texas?

Three common approaches that the appraisal district may use in appraising property are the sales comparison (market) approach, the income approach and the cost approach. The sales comparison (market) approach is based on sales prices of similar properties.

Is an appraisal confidential?

The Confidentiality Section of the Ethics Rule of USPAP and the Appraisal Institute Code of Professional Ethics provide that an appraiser must not disclose confidential information or assignment results to anyone other than the client and persons specifically authorized by the client; state enforcement agencies and ...

Who appraises property in Texas?

The Texas Comptroller's Office, which is the steward of the state's finances, defines market value as how much a property would be sold for in the current market under three conditions: It is for sale in an open market with a reasonable time for the seller to find a buyer.

How do I find out who owns a property in Houston Texas?

Since most of Houston is in Harris County, we would head over to the Harris County Clerk Real Property Division's website. You can perform a search using numerous details, but the most common way most people will look up records is using an owner's first and last name.

Do you pay taxes on market value or appraised value in Texas?

Generally, all property must be taxed based on its current market value. That's the price it would sell for when both buyer and seller seek the best price and neither is under pressure to buy or sell.

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