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assessed value

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assessed value

–noun
the value of something as determined by an assessor, esp. the value of real property.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

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.

Related Links

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

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