Assessed Value

Definition of "Assessed value"

Amount set for real estate or other property by a government as a basis for levying taxes.

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Related Real Estate Glossary terms

Group Term Life Insurance

One-year coverage that is renewable at the end of each year. Since the group plan is subject to expe ...

Nonforfeiture Benefit (option)

Provision that the equity of an insured in a life insurance policy cannot be forfeited. There are fo ...

Adjusted Basis

Cost measuring method for tax purposes where the cost is reduced because of depreciation and increas ...

Optionor

Person or business that provides an option to someone else. ...

Reinsurance Reserve (unearned Premium Reserve)

Fund in a segregated account to provide for the return of unearned premiums on policies that are can ...

Standard Deviation Or Variation

Statistic indicating the degree of dispersion in a set of outcomes, computed as the arithmetic mean ...

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Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

What Does Travel Insurance Typically Cover?

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What is title insurance? What is a CD? What is a sales contract? What does the Real Estate Settlement Procedures Act (RESPA) require? Is depreciation common?