What is the difference between “Assessed Valuation and “Assessed Value” ?
The figure (dollar value) at which the property is put on the assessment roll is know as the “assessed valuation” and the basis upon which the property taxes are levied. The “assessed value” is the dollar amount assigned to taxable property, both real and personal, by a County Assessor for purposes of taxation. The Assessed Value can be lower than the real market value of a property.
