Florida Home Insurance Term - Assessed Value

The fixed dollar amount proportioned to a home or property for the reason of measuring the correct taxability.  A process of assessed valuation can be used to understand the value of a house for tax reasons only by taking comparable market home closings and other items info consideration.  State and local governments typically are the groups associated with calculating property taxes.  We all know from our tax bill each year that your property taxed value is lower than the current fair market value of your home or property.