Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a market value assessment?

April 26, 2017assessment market value

0

0 Posted

What is a market value assessment?

1 Answer

0

0 Posted

All properties in the city, residential, commercial and industrial, are assessed for property tax purposes on the basis of their market value. Market value is the most probable price that a property would sell for on the open market as of a given date. Your 2011 assessment is based on the real estate market conditions as of July 1, 2010 and the physical condition of the property on December 31, 2010.