How is the value determined?

Value is determined by reviewing the Vessel Property Statement and price guides such as NADA by JD Power.

The price guides are based upon market transactions and are a reliable source of information for vessel valuations. Please keep in mind, the price guides that are publicly available online typically correspond to the current date and may not match the value as of January 1st.

Show All Answers

1. How is the value determined?
2. Why is the average retail value, as listed in the price guides for January 1, different from the assessed value?
3. Why did my vessel value go up/down from last year?
4. What if I do not agree with the vessel value?
5. What if I still do not agree with the vessel value after an Assessor’s Informal Review?