assessed value

Definition of "assessed value"
  1. The monetary worth of a property determined by a public tax assessor, which is used to calculate the property tax owed
How to use "assessed value" in a sentence
  1. The assessed value of her house was more than she expected.
  2. The property tax bill was high due to the increased assessed value of his land.
  3. He disagreed with the assessed value of his building and filed an appeal.
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