What is Assessed Value?

The Assessed Value shall not exceed 50% of the True Cash Value of the property. The Assessor's Office uses mass appraisal techniques to determine the true cash value of each property every year and sets the Assessed Value at 50% of the True Cash Value. The True Cash Value of a property is synonymous with market value.

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1. What is Assessed Value?
2. What is Capped Value?
3. What is Taxable Value?
4. What is State Equalized Value?