What was the assessed value rate change for Guam in 2016?

The assessed value rate change for Guam in 2016 was 90%. This significant change reflects adjustments made to property valuations, which can result from numerous factors such as market conditions or legislative changes aimed at reassessing property values more accurately. A 90% change indicates that the local government made substantial efforts to update and potentially increase assessed property values, impacting property tax rates and local revenue generation. Understanding these dynamics is crucial for real estate professionals who need to be aware of how such changes can affect property investments and market behavior.