Value placed upon property for property tax purposes by the tax assessor is known as:

Houtan HormozianExpert on Real Estate, Finance and PropTech

Question of the Day Do You Know This Property Tax Term?

22 Jan 2026 · 1 min

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In this YouTube short, the narrator presents a multiple‑choice quiz asking which term describes the value placed on a property for tax purposes. The options are Estimated value, Actual value, Appraised value, and Assessed value. The correct answer, highlighted as option D, is "Assessed value," which the speaker defines as the dollar amount assigned by a tax assessor to determine a property's tax liability, based on comparable sales and inspections. The clip concludes with a brief call‑to‑action encouraging viewers to like, tag friends, and visit the creator’s website for more content.

Questions this video answers

Assessed value

Chapters

Get ready for question of the day. Value placed upon property for property tax purposes by the tax assessor is known as: A. Estimated value. B. Actual value. C. Appraised value. D. Assessed value. The answer is letter D. An assessed value is the dollar value assigned to a property to measure applicable taxes. Assessed valuation determines the value of a residence for tax purposes and takes comparable home sales and inspections into Learn something new? Give us a like, tag a friend, and let's keep the conversation going. Message us here or visit our website.