How Is The Assessed Value Of A Property Calculated

The assessed value of a property plays a crucial role in determining property taxes. This value serves as the basis for calculating the amount of tax that property owners are required to pay. Understanding how this value is calculated can provide valuable insights for homeowners and real estate investors.


The assessed value of a property is calculated using the formula: Assessed Value=Property Value×(Assessment Rate100)Assessed Value=Property Value×(100Assessment Rate​)

How to Use

  1. Input the total value of the property into the “Property Value” field.
  2. Enter the assessment rate, which is typically a percentage, into the “Assessment Rate” field.
  3. Click the “Calculate” button to obtain the assessed value.


Suppose a property is valued at $500,000, and the assessment rate is 1.5%. By inputting these values into the calculator and clicking “Calculate,” the assessed value is determined.


  1. What is the assessment rate?
    • The assessment rate is the percentage used to calculate the assessed value of a property for tax purposes.
  2. Can the assessment rate vary?
    • Yes, the assessment rate can vary by location and is set by local tax authorities.
  3. Are there exemptions that affect the assessed value?
    • Some jurisdictions offer exemptions for certain properties, affecting the final assessed value.
  4. How often is the assessed value updated?
    • The assessed value may be updated periodically, often during a reassessment cycle.
  5. Does the assessed value determine the market value of a property?
    • No, the assessed value is used for tax purposes and may differ from the market value.


Understanding how the assessed value of a property is calculated is essential for property owners and investors. The online calculator provided simplifies this process, offering a quick and accurate way to determine the assessed value based on the property value and assessment rate. Use this tool to gain insights into your property’s tax implications and make informed decisions.

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