What is market value?

The market value of a property is an estimate of the price that it would sell for on the open market on January First of the year of assessment. This is sometimes referred to as the "arms-length transaction" or "willing buyer/willing seller" concept.

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1. What is market value?
2. How does the assessor estimate market value?
3. Why do values change?
4. What's the difference between Assessed Value and Taxable Value
5. How are agricultural properties assessed?
6. When are State Equalization Orders issued?
7. How do I protest my valuation?