In response to a recent letter to the editor, in paragraph two concerning home's evaluation of $62,830. If his market value is $62,830, his assessed value would be $35 percent of that equaling $21,991 times .00919 mils equating to a $202 yearly increase in taxes. If his assessed value is $62,830, his market value is $179,515. If his market value was $179,515, his taxes would be more than $502.84 as he is reporting. Market value and assessed value are two different terms.