2.3.2.3.7. Assessed Value and Annual Tax Load. Include the current assessment and dollar amount of real estate taxes. If assessed value is statutorily a percentage of market value, state the percentage. 

Some jurisdictions have developed programs wherein property will be assessed based on its current use rather than its highest and best use. These programs often relate to farmlands, timberlands, and open space; for purposes of eligibility, owners may have to agree to leave the property in its existing use for a certain period of time.125 In such a case, the appraiser should report both the current assessed value and taxes for the property’s existing use and the estimated assessed value and tax load for the property at its highest and best use.

125 See Section 1.3.1.7.