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Chapter 123 Worksheet

Use this worksheet to calculate average, upper, and lower market value for a property.

Fill in the 2027 Total Assessment. Then fill in the Average Ratio, Lower Limit, and Upper Limit using values from this table based on your municipality:

Average Market Value

Lowest Fair Market Value

Highest Fair Market Value

Note: This page can't be printed. To save the calculated values, write them down or take a screenshot.