Property Valuation
In Texas, the ad valorem property tax is based on:
AThe purchase price of the property
BThe appraised value as determined by the county appraisal district✓ Correct
CThe federal assessed value set by the IRS
DThe replacement cost of the improvements only
Explanation
Texas ad valorem property taxes are based on the appraised value as determined by the county appraisal district (CAD). Owners can protest their appraised value through the Appraisal Review Board (ARB).
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