Assessed valuation

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Assessed valuation

The value assigned to property by a municipality for the purpose of tax assessment. Such an assessed valuation is important to investors in municipal bonds that are backed by property taxes.

Assessed Valuation

The value of a property as determined by an appraisal conducted by a municipality. The assessed valuation usually occurs every year when a municipality asks for appraisal to determine the liability for property taxes. If a property owner wishes to dispute the value of an appraisal, he/she may request a reassessment. The assessed valuation may take into account the quality of the property, values of surrounding properties, and market conditions in the area.
References in periodicals archive ?
Industrial properties, meanwhile, had assessed valuations that
According to the assessor, the average assessed valuation of single-family homes has dropped 3.
Effectively, that means if an owner agreed to a settlement reduction of an assessed valuation between the end of May through October of 1994, they may not see a refund of their overpayment until September of 1995 or later.
The utilities were affected by a change in the way the city calculated its portion of their assessed valuation as well as a large shift in equalization rates as determined by the State Board of Equalization and Assessment Review (SBEA).
Those changes added $2 billion in assessed valuation to the utilities but the other classes ended up paying for it.