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Assessed Value

   Also found in: Acronyms 0.01 sec.
Assessed Value
Dollar value assigned to property for purposes of assessing taxes.

Notes:
You may be familiar with assessed valuation because it is used to determine the value of your residence for taxation purposes.


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The $1 billion housing bond would cost property owners around $15 per $100,000 assessed value over 20 years, or roughly $44 annually for a house valued at $300,000.
The amount cannot exceed 50% of the home's assessed value in the first year of the exemption and decreases by 10% per year thereafter.
 
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