Market value is usually the same as assessed value.

Name: Market value is usually the same as assessed value.
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Quizplus · Accepted Answer

Market value and assessed value are two different things. Market value is determined by the current market conditions and what a buyer is willing to pay for the property. Assessed value is determined by the local government and is used to calculate property taxes. It is usually a percentage of the market value, but the two values can differ.

Market Value Is Usually the Same as Assessed Value