Definition of Assessed Value

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Glossary of Debt Consolidation and Related Terms:


Related Consumer Finance Programs - The following sub-directories of companies offer a wide variety of financial programs to assist you with the management of your finances. Consolidate debt with a consolidation loan or use a debt counseling service or mortgage refinance for help with the consolidation of your charge card debt and other monthly payments.

  • Personal Loan Companies - Need a smaller loan? Personal loans are most often unsecured. That means you do not have to secure them with personal assets in order to do a debt consolidation. This type of financing is typically based upon your credit history and your ability to make your payments.
  • Debt Management Consolidation - Too many credit cards and other bills to make monthly payments on? Start here by reviewing and comparing different debt management options for getting help with your credit card bills and other monthly obligations.

Assessed Value definition

Define Assessed Value: The assessed value is the value placed upon an object for the purposes of taxation; it is often significantly different from the object's appraised value for mortgage loans or what it could sell for in the open marketplace. For example, in a given real estate market a house might be appraised at $250,000; sell for $265,000; but have an assessed value of $235,000. The homeowner would pay property taxes based upon the assessed value of $235,000. In practice, assessed values are derived through market-based formulas and often lag actual values by a few years.



Financial and Debt Consolidation Terminology Definitions
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