LeoGlossary: Assessed Valuation (Property)

Assessed valuation is the value of a property for the purposes of taxation, particularly when it comes to municipal property taxes. These valuations take into account a number of different factors, including overall quality, market conditions, and nearby property values.

For example, suppose that many houses in a municipality have begun selling at a premium due to a new large employer setting up shop in the area. The assessed valuation of the properties in the area could result in greater property tax income for the municipality.

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