Assessed value is not the same as market value or appraised value. The assessed value is used for the purposes of taxes in your local municipality. It is multiplied by the local tax rate to determine what the yearly taxes are. Market value refers to what the market will pay for your home. It could be significantly more or significantly less than the assessed value of the home, depending on the demand for your type of property in your specific neighborhood. Your Atlas broker will pull comps for other similar properties in your neighborhood in order to determine the market value for your home.