What is the difference between the assessed value and the actual value?

Related FAQs

What is assessed value?
What happens if my property value increases?
What are the common exemptions to property tax?
Who is responsible for paying property taxes?
What is an assessment ratio?
What is tax lien foreclosures?
What is an assessment roll?
What are the local and state laws surrounding property taxes?
How can I calculate my property tax rate?
What happens if I don’t pay my property taxes in full?

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