Assessed valuation

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Assessed valuation

The value assigned to property by a municipality for the purpose of tax assessment. Such an assessed valuation is important to investors in municipal bonds that are backed by property taxes.

Assessed Valuation

The value of a property as determined by an appraisal conducted by a municipality. The assessed valuation usually occurs every year when a municipality asks for appraisal to determine the liability for property taxes. If a property owner wishes to dispute the value of an appraisal, he/she may request a reassessment. The assessed valuation may take into account the quality of the property, values of surrounding properties, and market conditions in the area.
References in periodicals archive ?
Industrial properties, meanwhile, had assessed valuations that
According to the assessor, the average assessed valuation of single-family homes has dropped 3.
Effectively, that means if an owner agreed to a settlement reduction of an assessed valuation between the end of May through October of 1994, they may not see a refund of their overpayment until September of 1995 or later.
The average tax rate levied to repay all outstanding GO bonds is expected to remain below $17 per $100,000 of assessed valuation, assuming a 3% future annual assessed valuation growth rate.
The utilities were affected by a change in the way the city calculated its portion of their assessed valuation as well as a large shift in equalization rates as determined by the State Board of Equalization and Assessment Review (SBEA).
Those changes added $2 billion in assessed valuation to the utilities but the other classes ended up paying for it.
11 per $100 AV, no impact is anticipated from this authorization, although taxable assessed valuations have declined by an average 6.
The district's tax base is concentrated, with the top ten taxpayers comprising 36% of taxable assessed valuations, led by Del Monte Corporation's cannery and farming operations totaling 12.
Net growth in assessed valuation has been stagnant, increasing about 1% annually over the past five years.
economy, -- Improving assessed valuations, -- Stable financial management, -- High debt burden, and -- Good financial performance of Lancaster's water and sewer system.
Although assessed valuations will warrant continued monitoring, the potential for a further significant erosion of the tax base is tempered by the more moderate level of appeals which remain to be processed by the county assessor.
The 'A+' rating reflects Delta Community College District's (the district) sound financial position, with adequate fund balances, strong assessed valuation growth, and excellent management.