Definition of Assessed value:
In general, the estimated cost is less than the expected market value of the property.
Money transferred to real estate or private property by government appraisers (or a designated court) to determine the advertising volume tax or to assess damages as ordered by a court. Estimated value is rarely used to estimate value.
Assessment is the financial value assigned to a property to measure applicable taxes. The valuation determines the value of the home for tax purposes and compares the sale and inspection of the home. The government community charges a price for the house to calculate the property tax.
How to use Assessed value in a sentence?
- Real estate agents can provide an estimate of the value of your property based on your experience in the real estate market.
- Estimated value for home for tax purposes takes into account home sales, location data, and similar inspections.
- Sometimes you don't agree with the price check and you may get a price lower than your price.
- Depending on the state, the tax officer may need to make an on-site assessment.
- The estimated cost of this item was very high and I wondered if anyone had made a big mistake.
- The estimated ratio used to estimate the estimated value can be between 10% and 100% of the fair value of the property.
Meaning of Assessed value & Assessed value Definition