When estimating property tax, is the asking price the value price of the home?

Question

Or, is the value amount a different estimate?

Answer 1

Property taxes are based on appraised property value (appraisal done by tax assessor's office). If you want to estimate your potential taxes then just use the asking price.

Answer 2

They are based on the appraised price, but a lot of times the appraiser will just appraise the house at the selling price, so I would think for estimation purposes, either the asking price could be used or the price that you intend to actually offer.

Answer 3

It is not related to the asking price, it will be set at the selling price, so you use that to figure out the tax, how much you are buying it for.