July 21 - ARB must approve appraisal records by this date. July 25 - Last day for chief appraiser to certify an appraisal roll to each taxing unit's assessor. July 31 - Last day for property owners to apply for September 1 inventory appraisal for 2001. Property Tax Facts Definition of Market Value Appraisal Districts do not set market value. They merely document and interpret market value.
Market value is determined by the sale and purchase of properties in a county.
Hence, sales create the market. Factors such as location of the property, type of construction, age, size, condition, and improvements to the property are considered. These are then weighed against actual market sales to arrive at market value. There was an ownership change of the property. You then have 30 days from the date on the face of the notice of Appraised Value to appeal your value.