Assessed Value |
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Assessed Value |
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The Assessed Value (or assessment) is the official valuation of real property for use in determining property tax.
The assessed value is usually a percentage of market value. In Georgia, the assessed value is usually 40% of the market value as determined by county appraisers.
The assessment ratio is the ratio of the assessed value to the market value.
Page url: http://www.georgiaappraiser.com/glossary/index.html?assessedvalue.htm
