What is assessed value?

The Assessor assigns a value to each property for tax purposes based upon its market value. Market value is defined as the highest price a property can be sold for on the open market as of October 1 of the pretax year.

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1. What is assessed value?
2. How is my assessed value determined?
3. What other factors affect my assessment?
4. What home improvements or property improvements will raise my assessment?
5. What if I don't agree with my assessment?