Assessed value is what the county assigns for tax purposes. Market value is what your home would sell for. They are often very different. Assessed values in Texas are typically lower and calculated differently. Assessed value determines your tax bill. Market value determines sale price.
Home Values
What Is the Difference Between Assessed Value and Market Value?
Patrick Kevin FaganUpdated August 18, 2026Patrick's Take
"In Texas, you can protest your property tax assessment every year. I recommend every homeowner do it. Successful protests save $500-$2,000 annually. Do not miss the May 15 deadline."
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Patrick Kevin Fagan
Loan Officer and Realtor · AXEN Realty LLC
Sales Agent · 454749 · TX
Questions About Property Taxes?
Patrick can help you understand your property tax assessment and how to protest it.