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assessed value

   Also found in: Acronyms 0.02 sec.
Assessed Value
The value of a property as determined by an appraisal. The assessed value may take into account the quality of the property, values of surrounding properties, and market conditions in the area. It is used to determine the property taxes for which the owner is liable.
assessed value
The value of real property for the purposes of calculating property taxes and other similar charges such as school taxes and fire district dues;the tax appraiser will establish a fair market value for the property.The assessed value is then frequently calculated as a specific percentage of the appraised value. Oftentimes the percentage will vary depending on the use of the property and any applicable exemptions.In some states,for example,property is assessed at 20 percent of its fair market value.Persons residing on their property,and claiming a homestead exemption,may be entitled to an assessment of 10 percent of fair market value.


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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.
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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.
First-time homebuyers get lift with new real estate tax law. ... by Effros, Erik / Real Estate Weekly
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