Free Assessed Value Calculator
Calculate the assessed value of a property for tax purposes using the market value and the local assessment ratio.
USD
%
USD
Assessed Value
$320,000
Estimated Annual Tax$3,840.00
Monthly Tax Equivalent$320.00
Assessed Value vs Tax Rate per $1,000
How Property Assessment Works
Local governments assess properties at a fraction of market value using an assessment ratio, then apply a tax rate to that assessed figure.
Formula
Assessed Value = Market Value x Assessment Ratio
Annual Tax = (Assessed Value / 1,000) x Tax Rate per $1,000
Notes
Example Calculation
A home has a fair market value of $400,000 with an 80% assessment ratio and a tax rate of $12 per $1,000.
- 01Assessed value: $400,000 x 80% = $320,000
- 02Annual tax: ($320,000 / 1,000) x $12 = $3,840
- 03Monthly tax equivalent: $3,840 / 12 = $320