What is the maximum assessed value allowed for properties on Guam?

The maximum assessed value for properties on Guam is defined as 90% of the appraised value. This means that when calculating property taxes, the assessment used as the basis for taxation will be limited to a percentage of the property's appraised value. The reasoning behind this figure allows for some leniency in the taxation process, providing a measure of affordability for property owners while still ensuring that local government revenues are adequately funded through property taxes.

Understanding this framework is essential for real estate professionals on Guam, as it influences both property valuation and tax obligations. The other options do not align with the established regulations concerning property assessments in Guam, as either they exceed the maximum percentage allowed or do not correctly represent the relationship between assessed and market value.