Published September 15, 2025

Assessed Value Vs. Market Value

Written by Matt Nelson

Assessed Value Vs. Market Value header image.

Assessed Value vs. Market Value — What’s the Difference?

Two terms cause confusion for many homeowners: assessed value and market value.

Market Value is the price your property would sell for under normal conditions today. Think of it as the “real-world” value buyers are willing to pay.
Assessed Value is what the Highlands County Property Appraiser assigns for tax purposes. It factors in exemptions (like homestead) and caps (3% for homestead, 10% for non-homestead).

📊 Example:

Market Value: $250,000
Assessed Value: $210,000 (after caps/exemptions)
Taxable Value: $160,000 (after homestead exemption applied)

👉 Key takeaway: Don’t panic if your TRIM notice shows a lower assessed value — it doesn’t mean your property is “worth less,” only that your taxable base is reduced.

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