Awasome Taxable Value Of My Home Ideas. Your tax liability will be determined by the local millage rate. The appraisal report also can be used to identify home improvements and repairs that will increase its value, which is helpful if you do want to sell eventually.

What is the difference between assessed value & taxable value of real estate? Taxable value can be increased by the rate. If the market value of your home is $300,000 and the assessment rate is 80%, the assessed value is $240,000.