If my property value is decreased, does that mean I will see a reduction on my taxes?
There is no dollar-for-dollar correlation between the decrease/increase in appraised value and taxes. Your appraised value multiplied by the voted levies equal your generated taxes. Most tax rates are adjusted each year to ensure they generate the amount of revenue they generated in the previous year.

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1. How does the county determine property value?
2. How often are property values updated?
3. What can I do to ensure my value is correct?
4. I think the auditor's appraisal value is too high for my property. What are my options?
5. There are several foreclosure sales in my neighborhood, what is the impact on my property value?
6. If my property value is decreased, does that mean I will see a reduction on my taxes?