Description

The assessed value refers to the value assigned to a property for taxation purposes. This valuation is typically determined by a government authority and can affect property taxes and assessments.

Interpreter Notes

Interpreters should be aware that 'valor catastral' is the most commonly used term in formal contexts. Variants like 'valuación fiscal' may be used regionally, but it is advisable to stick to the glossary term to maintain clarity. Avoid colloquial terms that may arise in casual conversations.

Example Sentences

EN: The assessed value of the property will determine the amount of property tax owed.

ES: El valor catastral de la propiedad determinará la cantidad de impuesto sobre la propiedad que se debe.

Common Interpreter Mistakes

Confusing 'valor catastral' with 'valor de mercado'; mixing up 'valuación fiscal' with informal assessments; mispronouncing 'catastral' as 'catastral'.