The term "property tax purposes" refers to the use or application of property taxes for a specific purpose, typically related to public services and infrastructure. Full definition
But other appraisals are used to determine insurance value, replacement value, and assessed value for property tax purposes. (realtormag.realtor.org)
In assessing the value of real estate for property tax purposes, there are 3 standard approaches that are employed. (irs.com)
I simply look at homes similar to mine on Zillow that have sold recently, fill out a form citing a few examples where the values were lowest, propose a new value for property tax purposes, and then submit the form to the county. (personalfinanceinsider.com)