How is the assessed value determined?

Depreciation tables are set for different types of equipment and are based on the annual Equipment and Fixtures Index, Percent Good and Valuation Factors approved by the California State Board of Equalization, Assessor’s Handbook 581. Equipment is depreciated based on the equipment’s original cost and type and year of acquisition to arrive at the fair market value. View Equipment Factors and Classifications (PDF).

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1. How is the assessed value determined?
2. What if I do not agree with the values? Can my value be reviewed?
3. What if I do not agree with the Assessor’s value after an Informal Review?