assessed value definition

assessed value

Value placed on real estate or personal property by government (or court appointed) assessors for determining ad valorem taxes, or to levy damages on the orders of a court. Assessed value is used rarely as a basis for appraisal value.

assessed value is in the Accounting & Auditing, Banking, Commerce & Finance, Investing and Real Estate & Buildings subjects.

assessed value appears in the definitions of the following terms: combination loan-to-value (CLTV), mill, economic value (EV), tax base, assessment ratio and appraisal value

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