What is Assessed Value?

Assessed value refers to the dollar value amount a property is worth, as decided by the local tax assessor, and is used to bill property taxes. Property values are assessed yearly or biannually, depending on the area, and take many factors into consideration, including the size, age, location and construction type of the property, as well as any exemptions it may qualify for. Interested in pursuing a career in real estate? Our upcoming pre-licensing courses are filling up fast so make sure to register at tocrres.com/register ! #RealEstate #NewCareer #OnlineLearning