41 ms·
The assessed value is the theoretical value based on the current market, whether rental or sale. My guess that is that by basing the value on the rental market,
by jamincan 4y ago
The assessed value is the theoretical value based on the current market, whether rental or sale. My guess that is that by basing the value on the rental market, property taxes remaining more in line with the functional value of the property as opposed to purely its investment value.