Is the Fair Market Value (FMV) on the tax what I should be able to sell my property for?
No. The FMV is not what your property will sell for. An appraisal should be done to determine that value. The FMV on your tax bill is the equated value for comparing to other communities. This is a computer-generated value based on various Department of Revenue factors. This is not based on individual appraisals for each property.