Description

The tax assessed value refers to the value assigned to a property by a governmental authority for the purpose of taxation. This value is used to determine the amount of property tax owed by the owner.

Interpreter Notes

Interpreters should be aware that the term may be confused with 'market value' or 'appraised value', which can lead to misinterpretation. It is important to use the canonical term 'valor de la tasación de la propiedad con fines impositivos' in formal contexts to avoid ambiguity. Be cautious of regional variations in terminology that might not be appropriate in a clinical setting.

Example Sentences

EN: The tax assessed value of the property increased this year, leading to higher property taxes for the owner.

ES: El valor de la tasación de la propiedad con fines impositivos aumentó este año, lo que llevó a un incremento en los impuestos para el propietario.

Common Interpreter Mistakes

Confusing with 'market value'; misinterpretation as 'appraised value'; using colloquial terms instead of the canonical term