Assessed Value Calculator

✖Assessment Market refers to the process of evaluating properties for taxation purposes based on their market values.ⓘ Assessment Market [AM]			+10% -10%
✖Market Value refers to the price at which a property would sell under normal market conditions.ⓘ Market Value [MV]			+10% -10%

✖Assessed Value is the amount assigned to a property by a tax assessor for taxation purposes.ⓘ Assessed Value [AV]

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Formula

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Assessed Value

Formula

`"AV" = "AM"*"MV"`

Example

`"35600"="4"*"8900"`

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Assessed Value Solution

STEP 0: Pre-Calculation Summary

Formula Used

Assessed Value = Assessment Market*Market Value
AV = AM*MV
This formula uses 3 Variables

Variables Used

Assessed Value - Assessed Value is the amount assigned to a property by a tax assessor for taxation purposes.
Assessment Market - Assessment Market refers to the process of evaluating properties for taxation purposes based on their market values.
Market Value - Market Value refers to the price at which a property would sell under normal market conditions.

STEP 1: Convert Input(s) to Base Unit

Assessment Market: 4 --> No Conversion Required
Market Value: 8900 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

AV = AM*MV --> 4*8900

Evaluating ... ...

AV = 35600

STEP 3: Convert Result to Output's Unit

35600 --> No Conversion Required

FINAL ANSWER

35600 <-- Assessed Value

(Calculation completed in 00.004 seconds)

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Credits

Created by Keerthika Bathula

Indian Institute of Technology, Indian School of mines, Dhanbad (IIT ISM Dhanbad), Dhanbad

Keerthika Bathula has created this Calculator and 50+ more calculators!

Verified by Aashna

IGNOU (IGNOU), India

Aashna has verified this Calculator and 10+ more calculators!

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Assessed Value Formula

Assessed Value = Assessment Market*Market Value
AV = AM*MV

What is Assessed Value ?

Assessed value refers to the monetary worth assigned to a property by a tax assessor for the purpose of calculating property taxes. This value is typically determined based on various factors such as the property's size, location, condition, and comparable sales in the area. Assessors use this value as a basis for levying property taxes, which are a vital source of revenue for local governments. It's important to note that the assessed value may not always align with the market value or the amount a property could sell for on the open market. Property owners can sometimes appeal the assessed value if they believe it is inaccurate or unfair, often through a formal assessment appeal process.

How to Calculate Assessed Value?

Assessed Value calculator uses Assessed Value = Assessment Market*Market Value to calculate the Assessed Value, The Assessed Value refers to the monetary value assigned to a property by a tax assessor for taxation purposes. Assessed Value is denoted by AV symbol.

How to calculate Assessed Value using this online calculator? To use this online calculator for Assessed Value, enter Assessment Market (AM) & Market Value (MV) and hit the calculate button. Here is how the Assessed Value calculation can be explained with given input values -> 35600 = 4*8900.

FAQ

What is Assessed Value?

The Assessed Value refers to the monetary value assigned to a property by a tax assessor for taxation purposes and is represented as AV = AM*MV or Assessed Value = Assessment Market*Market Value. Assessment Market refers to the process of evaluating properties for taxation purposes based on their market values & Market Value refers to the price at which a property would sell under normal market conditions.

How to calculate Assessed Value?

The Assessed Value refers to the monetary value assigned to a property by a tax assessor for taxation purposes is calculated using Assessed Value = Assessment Market*Market Value. To calculate Assessed Value, you need Assessment Market (AM) & Market Value (MV). With our tool, you need to enter the respective value for Assessment Market & Market Value and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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