Question 1

Is a property assessed value the same as its appraised value?

Accepted Answer

No, it is not, it generally varies due to the lack of the County Assessor’s ability to do a thorough valuation for every property in the county as is done when determining appraised value.

Question 2

Which state in the USA has the highest property tax?

Accepted Answer

New Jersey has the highest annual property tax in the USA, followed by Illinois and New Hampshire.

Question 3

Who determines assessed value?

Accepted Answer

Each County in the United States generally has a County Assessor office whose appraisal team calculates the assessed value for all properties in the County.