Market Value

The Assessed Value represents 50% of a property’s Market Value.  The figure is calculated through a study of sales in the City for a one-year period.  The State regulated dates for the two-year study period are 10/1/2014 through 9/30/2016.  The city is divided into nine (9) different study areas and sales in each area are evaluated to establish the percentage that values will change.

If you have any questions about your property assessment, taxable value, or classification, please contact the Assessing Department at (586) 469-6818, extension 307.