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assessed valuation

   Also found in: Legal, Financial 0.01 sec.
assessed valuation
The value of a property as determined by a municipality for real estate tax purposes; often this valuation is less than the true market value of the property.


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In many instances, homes have been selling for 10 percent to 20 percent below the city's current assessed valuation.
In 2007, the state law capped the amount that could be deducted at an assessed valuation of $65,000.
That measure also would have taxed property owners about $30 per $100,000 of assessed valuation annually.
 
 
 
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