Assessed Value

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Investing School  Dec 7  Comment 
Simply stated, the assessed value of a property is used to determine your tax bill. The most common use of assessment is used for the purpose of taxing your residence. This value is determined by the Assessor’s office and is reached by...




 

The assessed value of a property is calculated by multiplying its market value with the uniform percentage specified for a particular municipality or county. This uniform percentage can be 5%, 10%, 20% or 50%, so long as it does not exceed 100% and every property in the municipality or county is assessed at the same uniform percentage.

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