The Assessor’s office gets our vehicle values from the Assessment Coordination Department (ACD), which is the state agency that oversees all property taxes in the state. Property taxes are ad valorem taxes, which means “at market value”. Price Digest supplies these values to ACD.

Below are two articles from Price Digest explaining the reason for the higher values on used vehicles this for this year.

Dramatic Unprecedented Volatility in Used Automobile Values

Unusual Pricing Fluctuations for Unusual Times