There are lots of things that determine property value. First number of beds, baths, garage, square footage, lot size. County appraiser sets a valuation on the property. Then the state, county and city determine the "assessed value" of the property and it is the assessed value that they base the taxes on which is based on the % of the mill levy. Feel free to call me with further questions always happy to provide more information to you. 913-269-8730 cell number.
All the best,