assessed value

Official property worth

Assessed value is the dollar amount assigned to a property for tax purposes.

Local assessors determine this figure, which may differ significantly from market value or what a property would actually sell for.

Property taxes are calculated as a percentage of the assessed value: The county raised our assessed value by twelve percent.

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tax levy · comparable sales · real property · depreciation · appraisal · equalization · replacement cost · local government · school district · deed · mortgage · real estate · county · taxable · estimate · parcel · comparable · appeal

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Opposites
valuation method

assessed valuemarket value

Current trading price

fair market value · sale price · appraised value · asking price · purchase price

valuation accuracy

assessed valuereal value

True underlying worth

true worth

actual vs. estimated worth

assessed valueclosing price

Final traded value daily

hammer price · cash value · resale value

Family

value, assess, assessment, assessor

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