What is assessed value in SAP RE - Real Estate Management?

SAP Term: assessed value

• Component: RE

• Component Name: Real Estate Management

• Description: Under German law, the valuation of real estate based on the German tax valuation law. The law stipulates different valuation procedures for developed and undeveloped real estate.

Smart SAP Assistant

• Key Concepts: 
  Assessed value is a term used in SAP Real Estate Management (RE) to refer to the estimated market value of a property. This value is determined by a government-appointed assessor and is used to calculate the amount of taxes that must be paid on the property. 
  
  How to use it: 
  In SAP RE, the assessed value of a property can be used to calculate the amount of taxes that must be paid on the property. This value can be entered into the system and will be used to automatically calculate the taxes due. 
  
  Tips & Tricks: 
  It is important to ensure that the assessed value entered into SAP RE is accurate, as this will affect the amount of taxes due on the property. It is also important to keep track of any changes in assessed value, as this may affect the amount of taxes due. 
  
  Related Information: 
  The assessed value of a property can also be used to determine its market value, which can be useful for determining how much a property should be sold for. Additionally, it can also be used to determine how much insurance should be taken out on a property.