Assessed Value - Definition & Meaning

Assessed value is the estimated monetary value assigned to a property for tax assessment purposes.
In the context of education funding, property tax revenue is often a significant source of funding for schools and districts.
The assessed value of properties within a school district's jurisdiction influences the amount of revenue generated for education.
Property tax assessments can impact the financial capacity of a district, affecting its ability to provide resources and services to students.
Accurate assessment of property values is crucial for equitable distribution of education funding.

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