Assessed value

Assessed value,

Definition of Assessed value:

  1. In general, the estimated cost is less than the expected market value of the property.

  2. 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.

  3. 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?

  1. Real estate agents can provide an estimate of the value of your property based on your experience in the real estate market.
  2. Estimated value for home for tax purposes takes into account home sales, location data, and similar inspections.
  3. Sometimes you don't agree with the price check and you may get a price lower than your price.
  4. Depending on the state, the tax officer may need to make an on-site assessment.
  5. The estimated cost of this item was very high and I wondered if anyone had made a big mistake.
  6. 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