assessed valuation

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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.
References in periodicals archive ?
BJ's Wholesale Club Distribution Center's recently won a settlement to reduce its taxable value by $6 million, Ms.
3 The 1995 Montana legislature directed that taxable values for business and agricultural equipment be gradually reduced from 9 percent to 6 percent of market value beginning in fiscal year 1997.
Table 1 reports statewide taxable values, mill rates, and taxes levied for each year from 1987 through 1994.