What is assessed value?

The percentage of the market value based upon the assessment level of the classification of the property.

Classification of Real PropertyAssessment Level

For example: Market Value ($100,000) multiplied by Residential Assessment Level (19%) equals Assessed Value ($19,000).

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1. My address has changed; how do I notify the Assessor?
2. How is my real estate value determined?
3. When is my property reassessed?
4. What is market value?
5. What is assessed value?
6. Why would my assessment or taxes increase?
7. Is there an appeal process if I don't agree with the assessment increase?
8. My property has been destroyed; what are my options?
9. Is there tax relief for senior or disabled citizens?