What is the current assessed rate on Guam?

The assessed rate on Guam is established at 90% of the appraised value of a property. This means that when determining property taxes, the local government takes the appraised value—what the property is worth in the market—and applies a rate of 90% to calculate the assessed value.

This specific rate is important for property owners to understand, as it directly affects their tax liabilities. In contexts like property assessment and taxation, knowing the assessed rate helps individuals anticipate their tax responsibilities based on the value of their property.

In situations where other percentages are suggested, like 85%, 95%, or 100%, these values do not align with the established rate for assessment purposes in Guam, which remains firmly at 90%.