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Assessed Value vs. Fair Market Value Assessed Value 2022 Equilization Rate 2022 Full Mkt Value $ 100,000.00 0.73 $ 136,986 $ 150,000.00 0.73 $ 205,479 $ 200,000.00 0.73 $ 273,973 Assessed Value 2023 Equilization Rate 2023 Full Mkt Value $ 100,000.00 0.66 $ 151,515 $ 150,000.00 0.66 $ 227,273 $ 200,000.00 0.66 $ 303,030 Assessed Value 2024 Equilization Rate 2024 Full Mkt Value $ 100,000.00 0.595 $ 168,067 $ 150,000.00 0.595 $ 252,101 $ 200,000.00 0.595 $ 336,134 The drop in equalization rate You are taxed on the assessed is why your market value may value, less any exemptions have changed on your tax bill 29