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What Is Residential Assessment Ratio?

The residential assessment ratio is the ratio of assessed value to market value for residential properties in a given jurisdiction, published to check that assessments are staying reasonably uniform and to help residents estimate their true assessment level.

Most useful for: Homeowner
R
At a Glance
Residential Assessment Ratio
RAR=Assessed Value÷Market Value×100

Formula

RAR = Assessed Value ÷ Market Value × 100
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.

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