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assessed value

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The estimated value of a property at a certain point in time, for a specific purpose (usually taxation or insurance purposes). The assessed value for purposes of taxation and the assessed values for purposes of insurance, for the exact same property, may vary greatly from each other, and from the insured value (replacement value) or the market value of the property.


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assessed value - The estimated value of a property at a certain point in time, for a speci...


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