The Real Estate Encyclopedia
Assessed Value
Category - Real Estate Glossary - Real Estate Terminology
1.  The value of a property according to jurisdictional tax assessment.

2.  Assessed Value applies in ad valorem taxation and refers to the value of a property according to tax roles. Assessed value may not conform to market value, but it is usually calculated to a market value base. A tax assessor's determination of the value of a home in order to calculate a tax base.


References
 
Category(s)
Real Estate Glossary - Real Estate Terminology
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