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assessed value
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2 dictionary results for: assessed value
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
assessed value
–noun
the value of something as determined by an assessor, esp. the value of real property.
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
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Investopedia - Cite This Source - Share This

Assessed Value

Dollar value assigned to property for purposes of assessing taxes.

Investopedia Commentary

You may be familiar with assessed valuation because it is used to determine the value of your residence for taxation purposes.

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See also: Assessor, Property Tax, Real Estate, Taxes

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