Definition: The value determined by a county tax appraiser for each unit of real property for tax purposes.
Pronunciation: ə-ˈses-ed
Used in a Sentence: The taxes on the property were increased because the assessed value was higher.
Definition: The value determined by a county tax appraiser for each unit of real property for tax purposes.
Pronunciation: ə-ˈses-ed
Used in a Sentence: The taxes on the property were increased because the assessed value was higher.