assessed value
Definition
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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