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 ?
If you were to put an addition on your property, the value of that addition can be added onto your taxable value and it's not subject to the cap.
That results in the taxable value. Local taxing jurisdictions multiply the taxable value by local mill levies to arrive at the tax amount that the county assesses the owner in the property tax bill.
The average market value of real property is considered its taxable value. Meanwhile the taxable value of engineering structures and other types of real estate are established by the cost method for its restoration.
Also, as noted above, since 1994 a cap on increases in taxable value has limited growth in tax bills to the rate of inflation or 5%, whichever is less (Feldman, Courant, and Drake, 2003).
Dumont said taxable values in the town decreased by 4.6 percent.
* Decrease in real taxable value. A decreasing real taxable value indicates that a government is facing financial difficulties in the current fiscal year as well as the near term.
And that's where Denham concludes the inevitability of property tax increases in Manhattan and Brooklyn, where taxable value increases have yet to catch up with the increases in market value.
If the accommodation has been taken on rent by the employer, the taxable value is 15 per cent salary or the rent paid, whichever is lower.
The newspaper reported that Collier County puts the appraised taxable value of the 10 acres at more than $9.7 million.
And extensive standard specification gives the MG another advantage in the business sector as cars with an extensive options list add to the overall taxable value of the vehicle - but with the MG6 there is no options list.
Garbage fee in Bulgaria's capital is currently determined on the basis of the taxable value of a piece of property.
That said, company cars will have a notional taxable value of just pounds 13,750.