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How to Calculate Your Property's Assessed Value

By Kristi Waterworth – Updated Aug 12, 2025 at 11:30AM | Fact-checked by Margo Winton Parodi

Key Points

  • Assessed value is crucial for calculating property taxes, and it's often based on fair market comparisons.
  • Local rules differ: Some calculate taxes on a percentage of property value or offer exemptions.
  • Knowing assessed value aids in budgeting for property taxes and making informed real estate decisions.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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