Why is the average retail value, as listed in the price guides for January 1, different from the assessed value?

California Revenue and Taxation Property Tax Rule 10 mandate that the Assessor include within the value all components of the full economic cost of placing property in service. A vessel value will typically include an adjustment to add sales or use tax.

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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?