How is the value determined?

Value is determined by reviewing the Vessel Property Statement, current market data, confirmed sales of similar vessels, and value guides such as NADA.

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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?