Assessment Ratio


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Assessment Ratio

A ratio of a property's assessed valuation to its market value. An assessed valuation is the value of a property as determined by an appraisal conducted by a municipality. The market value is the price for which one can sell a property on the open market. For example, if the assessed valuation of a piece of real estate is $180,000 and its market value is $200,000, its assessment ratio is 0.90, or 90%. The assessment ratio is used to determine one's property tax liability.
References in periodicals archive ?
New York, NY, August 23, 2015 --(PR.com)-- Homequant, the inventor of valuing user-defined subjects with actual comparable sales, is pleased to announce the launch of its newest solution for current and future homeowners: TownAnalyst.com - a free assessment and market analysis portal that seamlessly connects the two pieces together, allowing homeowners to understand if and when their hometown is over, under, or fairly assessed in line with the county's statutory assessment ratios. TownAnalyst.com covers all of Homequant's 60 major markets.
Our estimation results are consistent with the important impact of various policy factors on property tax delinquency, such as enforcement, homestead/non-homestead status, taxable value, statutory tax rate, the assessment ratio, and police response times.
The stepwise weight assessment ratio analysis (SWARA) [8] methodology is developed in 2010 and applied for the selection of rational dispute resolution method [7].
Selection of rational dispute resolution method by applying new stepwise weight assessment ratio analysis (SWARA), Journal of Business Economics and Management 11(2): 243-258.
Alabama's permanent 10-percent assessment ratio may produce better overall results than some of the other states' provisions providing for a 100-percent abatement for all of the rehabilitation expenditures over a fixed number of years.
High BIF earnings will speed its recapitalization and prompt the FDIC to reduce the assessment ratio on BIF members dramatically.
Identify the basic components of the assessment equation and the tax burden: fair market value, assessment ratio or equalization rate, assessed value, tax rate, and tax burden.
Based on 1990-91 sales, the agricultural land assessment ratio was 67.6 percent and the non-agricultural ratio was 77.6 percent.
The effective tax rate is the product of the nominal tax rate and the assessment ratio where the assessment ratio is the assessed value as a percentage of the market value of the property.
We would rather see the assessment ratio lowered for all 0,000 plus incorporated Arizona firms as the better way to induce greater economic activity and bring or expand higher wage jobs to the entire state.
For example, Connecticut assesses all property at 70% of market value, or uses an assessment ratio (ratio of assessed to market value) of 0.7.
The court concluded that Sonoco's office buildings were contiguous to its plant site and thus subject to the manufacturing-related tax assessment ratio. The trial court decision was reversed.
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