assessed value

noun

1. the value of something as determined by an assessor, especially the value of real property.

Example Sentences

To curb the state’s nation-leading property taxes, he’d cap them at a percentage of a home’s assessed value.

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The Paxtons now own at least 11 residential properties around the U.S. with an assessed value of $7.5 million.

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The district estimates the added cost to property owners would be about $111 per year over the life of the bond based on the current median assessed value of homes, which the district puts at $444,269.

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The tax due each year would increase when the assessed value of a home rises.

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A district spokesperson put the median impact at closer to $100, saying the fee would be based on a home’s assessed value, not the market value.

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