--- title: Explore the Basics of Assessed Value With This Guide description: Gain a better understanding of assessed value and its impact on calculating property taxes with this article. Learn how and when it is calculated as well as important definitions and tips. image: https://pdxdirectrealty.com/hubfs/Imported_Blog_Media/image_261-3.png --- [Skip to content](https://pdxdirectrealty.com/articles/assessed-value-understanding-the-basics#main-content) [![PDX Direct Realty](https://pdxdirectrealty.com/hs-fs/hubfs/Black%20logo%20-%20no%20background-2.png?width=150&height=147&name=Black%20logo%20-%20no%20background-2.png)](https://pdxdirectrealty.com/) - Services Show submenu for Services - [Listing Services](https://pdxdirectrealty.com/listing-services) - [Buyer Services](https://pdxdirectrealty.com/buyer-services) - [Additional Services](https://pdxdirectrealty.com/additional-services) - [About Us](https://pdxdirectrealty.com/about-us) - [Customer Portal](https://pdxdirectrealty.com/customer-portal) Open main navigation Close main navigation - Services Show submenu for Services - [Listing Services](https://pdxdirectrealty.com/listing-services) - [Buyer Services](https://pdxdirectrealty.com/buyer-services) - [Additional Services](https://pdxdirectrealty.com/additional-services) - [About Us](https://pdxdirectrealty.com/about-us) - [Customer Portal](https://pdxdirectrealty.com/customer-portal) - [Contact Us](https://pdxdirectrealty.com/contact-us) [Contact Us](https://pdxdirectrealty.com/contact-us) [All posts](https://pdxdirectrealty.com/articles/all) December 22, 2023 # Assessed Value: Understanding the Basics By  PDX Direct  ·  1 minute read Gain a better understanding of assessed value and its impact on calculating property taxes with this article. Learn how and when it is calculated as well as important definitions and tips. ## Understanding Assessed Value Basics When it comes to home appraisals and property taxes, understanding assessed value is extremely important. Assessed value is a term that is widely used in real estate and can have many definitions. Understanding what it means today will help you navigate home buying and possibly even save you money. Read on to learn some key terms and the basics of understanding assessed value. ## What is Assessed Value? Assessed value is an estimate of the worth of a real estate property that has been calculated by local officials. It is often used to determine how much a homeowner owes in property taxes. It is usually calculated every one or two years in most states. ## Types of Assessed Value There are two types of assessed value: fair market value and taxable value. Fair market value is the amount that a property is worth at any given time. This is the value that is used when listing the price of a home for sale. Taxable value is the value established by local property tax assessors, which is used to determine how much the homeowner owes in taxes. Depending on the state, the taxable value might be the same as the fair market value or it might be lower. ## Factors Influencing Assessed Value There are several factors that can influence the assessed value of a property, the most important of which is the condition of the house and the area that it is located in. Market demand, comparison to similar properties, recent renovations, and the size of the property can all affect the assessed value. It is important to keep these factors in mind when buying a property, as they can affect the amount of money a homeowner has to pay in property taxes. ## Conclusion Understanding assessed value is an important part of home buying. Assessed value is determined by local officials and helps determine how much a homeowner pays in property taxes. Understanding fair market value, taxable value, and the various factors that go into assessing a property will help you make the most informed decision when it comes to buying a home. ## More Articles to Consider Reading [Assessed vs. Market Value: Understanding the Difference](https://pdxdirectrealty.com/articles/assessed-vs-market-value-understanding-the-difference) [Home Appraisal Process: What to Expect](https://pdxdirectrealty.com/articles/home-appraisal-process-what-to-expect) [Appraised Value vs. Market Value: Understanding the Difference](https://pdxdirectrealty.com/articles/appraised-value-vs-market-value-understanding-the-difference) [Real Estate in Downtown Portland Oregon](https://pdxdirectrealty.com/articles/real-estate-in-downtown-portland-oregon) [Termite Inspection: Protecting Your Property](https://pdxdirectrealty.com/articles/termite-inspection-protecting-your-property) [Asbestos Inspection: What Homebuyers Should Be Aware Of](https://pdxdirectrealty.com/articles/asbestos-inspection-what-homebuyers-should-be-aware-of) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://pdxdirectrealty.com/articles/assessed-value-understanding-the-basics) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://pdxdirectrealty.com/articles/assessed-value-understanding-the-basics) [twitter icon](https://twitter.com/intent/tweet?url=https://pdxdirectrealty.com/articles/assessed-value-understanding-the-basics) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://pdxdirectrealty.com/articles/assessed-value-understanding-the-basics) [envelope icon](mailto:?body=https://pdxdirectrealty.com/articles/assessed-value-understanding-the-basics) [![PDX Direct Realty](https://pdxdirectrealty.com/hs-fs/hubfs/Color%20logo%20-%20no%20background.png?width=100&height=98&name=Color%20logo%20-%20no%20background.png "PDX Direct Realty")](http://PDX%20Direct%20Realty) [List@PDXDirectRealty.com](mailto:List@PDXDirectRealty.com) (503) 847-2199 M-F 8am-5pm PST 3225 SW 87th Ave. #25653 Portland, OR 97225 Our Services - [Property Listing Services](https://pdxdirectrealty.com/listing-services) - [Home Buyer Services](https://pdxdirectrealty.com/buyer-services) - [Business Listing Services](https://pdxdirectrealty.com/contact-us) - [Additional Services](https://pdxdirectrealty.com/additional-services) Company Information - [About Us](https://pdxdirectrealty.com/about-us) - [Contact Us](https://pdxdirectrealty.com/contact-us) - [Terms of Service](https://pdxdirectrealty.com/terms-of-service) - [Privacy Policy](https://legal.hubspot.com/privacy-policy) - [Real Estate Articles](https://pdxdirectrealty.com/articles) **Customer Portal** - [Submit Listing Data](https://pdxdirectrealty.com/submission-options) - [Submit Photos](https://pdxdirectrealty.com/photo-submission) - [Submit Changes](https://pdxdirectrealty.com/submit-changes-form) - [Submit Documents](https://pdxdirectrealty.com/document-submission-form) Copyright © 2026, PDX Direct Realty - All Rights Reserved - Licensed in the State of Oregon ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "PDX Direct", "url" : "https://pdxdirectrealty.com/articles/author/pdx-direct" }, "dateModified" : "2023-12-22T19:45:24.219Z", "datePublished" : "2023-09-23T07:00:00.000Z", "headline" : "Explore the Basics of Assessed Value With This Guide", "image" : [ "https://pdxdirectrealty.com/hubfs/Imported_Blog_Media/image_261-3.png" ], "mainEntityOfPage" : { "@id" : "https://pdxdirectrealty.com/articles/assessed-value-understanding-the-basics", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://pdxdirectrealty.com/hubfs/Color%20logo%20-%20no%20background.png" }, "name" : "PDX Direct Realty" } } ``` ```json { "@context" : "http://schema.org", "@type" : "Article", "author" : { "@type" : "Person", "name" : [ "PDX Direct" ] }, "datePublished" : "2023-09-23T07:00:00+0000", "description" : "Gain a better understanding of assessed value and its impact on calculating property taxes with this article. 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