is tax assessed value accurate
George Krisc, Agent, , While the tax assessor needs to establish an assessed value to collect property taxes, this assessed value is not an 'accurate' or reliable indicator of the true market value..) Once every year the new tax assessed values for properties in Honolulu County are established based on aâ¬ËÃ¢ comparableâ¬â¢ (salesa salesÃ¢ & similar) size location that recorded during the prior. 12 months that means tax assessed values lag behind the real market value by about. a year