What Is Assessed Value? The assessed value of a home is generally used for tax purposes. Though homeowners usually want their property values to grow over time, in this case, it’s better when the home ...

Taxpayers know their property taxes are expressed in terms of mills or “millage.” The higher the millage number, the bigger the tax bill. But many don’t understand where that comes from. For taxing ...

Every Maryland property value assessment group in the state has seen those values increase by over 20% in the past three years. The state reassesses a third of properties every three years. Once again ...

President of the CT Association of Assessing Officers and Groton Assessor Mary Gardner answers our questions about how property values are assessed and how those values can impact the mill rate in ...

When evaluating real estate, it's important to know the difference between assessed value and market value. Assessed value determines property taxes, while market value is the price a property would ...