Tax Value

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Tax Value

The amount that a real estate owner pays in property taxes each year. The municipal government assesses and updates the tax value periodically, basing each assessment on the appraised value of the real estate.
References in periodicals archive ?
There are a significant number of taxes that organizations and individuals are exposed to and the tax values are enormous.
One of the former authority chairpersons along with the others formed evaluation committees in a way that contravenes the rules in order to forge documents and come up with tax values that are not real.
These gentlemen lament a reduction in property taxes from real estate lost to rising seas, but they ignore the resulting increase in property tax values for new ocean-front property and from inevitable price increases for remaining properties facing augmented demand.
The BISD's new financial consultants, WCL Enterprises says that as the global energy company challenged the formula the district had utilized to calculate tax values, the BISD will get a reduced property tax payment from ExxonMobil in 2014.
Since the estate tax values assets in the hands of the decedent, not a third party, it is inappropriate to use this method of valuation.
Economy improvements are around the 5mpg mark and cleaner exhaust emissions mean tax values are down by a healthy four per cent.
As business boomed, property tax values rose and sales tax revenue poured into public coffers, cities built nest eggs, fixed crumbling properties, and offered investment incentives to keep their cities flush with business.
This transfer, alone, would not produce a step-up in tax values. However, when (as is usually the case) the cost of the shares is higher than the net assets transferred by the target to the partnership, relief can be claimed for the resulting merger loss (generally, the price for the hidden reserves including goodwill).
If the property transferred to the trust valued at Federal estate tax values in H's estate was $1,000,000, this would mean that for purposes of the "first" and "second" limitations, the value of the transferred property is $407,100, before any of the adjustments required under Sec.
These same comments urged accelerating finality of the inclusion ratio so that gift tax values would become final for inclusion ratio purposes as adjusted in the transferor's estate.
Leonard's department has to develop and maintain an ongoing database of deferred tax items and their book and tax values. With this database, he and his colleagues can prepare reports showing the net asset and liability balances needed for proper presentation in financial statement footnotes.
As part of this effort, particular emphasis is being placed on the statutory requirement for consistency between customs and income tax values of property in related-party situations (Sec.