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 ?
The lawsuit at the Sofia-based court was initiated by Civil Initiative "Justice", which insisted that "Garbage is generated by people, not properties, which makes it totally unjust to determine garbage fee on the basis of the taxable value of the property in question, not the garbage disposed".
It will be the first time the tax revenues will fall below year-earlier levels since fiscal 1950, when the ministry began setting the taxable value of land under the current method, ministry officials said.
The third and final step in determining property taxes is to multiply the local jurisdiction's mill rate times taxable value.
The lawsuit at the Sofia-based administrative court was started by Civil Initiative "Justice" which said in a statement that "Garbage is generated by people, not properties, which makes it totally unjust to determine garbage fee on the basis of the taxable value of the property in question, not the garbage disposed".
Before these taxes were introduced, the taxable value of production had already fallen by more than 50 percent.
Due to the method by which taxable value is calculated in Michigan, precipitous declines in market value are expected to lead to decreases in taxable value.
All of these changes add to the county's total taxable value, as does new construction.
In determining the taxable value of personal property, most jurisdictions have established depreciation or cost-multiplier schedules, which attempt to take into consideration normal wear and tear based on the standard life for the property.
These considerations are tempered by projected taxable value deterioration resulting in potential property tax revenue declines, coupled with the township's economic susceptibility to the downturn automobile manufacturing industry.
Debt ratios are favorable; debt to taxable value and debt per capita are modest against the norms.
The 'AA-' rating reflects the county's stable financial results, strong general fund balances, and low debt levels, balanced with the tourism-dominated economy and likelihood of slower taxable value growth in the near term.
Fluctuations in oil and gas prices in recent years have generated significant swings in the district's taxable value, which in turn have presented financial challenges to district officials.