The Real Estate Encyclopedia
Category - Real Estate Glossary - Real Estate Terminology
1.  The official valuation placed on property for ad valorem taxation or public improvements.

2.  A bonded tax imposed to pay for public improvements (e.g. street/alley paving, curbs, sidewalks, etc.) beneficial to a limited area . Paid semiannually over a 10 year period to the Bond Division of the city or county treasurer's office where the property is located.

Real Estate Glossary - Real Estate Terminology
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