assessed value

Related Terms
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.

Use assessed value in a sentence

A real estate agent can give your their expertly assessed value of your property by relying on their professional knowledge of the real estate market.
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The assessed value of the item was really high and I wondered if someone actually made a huge mistake somewhere.
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Sometimes you may disagree with the assessed value and you might be able to get something for cheaper than it should be.
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