Which term describes the value determined by a county property tax appraiser?

The term that describes the value determined by a county property tax appraiser is assessed value. This value is a crucial part of the property tax system and is used by government entities to determine how much tax a property owner must pay. The assessed value is typically a percentage of the property's market value and is calculated based on various factors, including property characteristics, sales data, and local market trends.

It is important to distinguish assessed value from market value, which is what the property would sell for in an open market between willing buyers and sellers. Fair value often refers to a price in an arms-length transaction or a value set by a mutual agreement, while taxable value generally refers to the assessed value adjusted for any exemptions or deductions that may apply, such as homestead exemptions. Thus, assessed value is the most accurate term for the valuation process conducted by county property tax appraisers.