Value place upon property by the tax assessor.
the taxable value of real or personal property either of individual items of personal property or parcels of real property or the aggregate total of such individual taxable items or parcels within a jurisdiction.
In Allegheny County, a property's assessed value used to be calculated at 25 percent of its market value. But the Allegheny County Board of Property Assessment, Appeals and Review decided to simplify assessed value by making it the same as market value, or appraised value. Beginning next year, the county, municipalities and school districts will have to adjust their millage rates to take this change into account, since property taxes are determined by multiplying a jurisdiction's millage rate by a property's assessed value. Making assessed value and market value the same should simplify that process.
The Fair Market Value multiplied by the assessment level for a class of property.
A percentage of the property’s actual value, as determined by the Colorado Constitution and statutes, also known as the assessment ratio.
The value of a building for tax purposes which is determined by the municipality and does not necessarily represent the sale or fair market value.
The monetary amount which a property is entered on the assessment roll for purposes of computing the tax levy. Assessed value equals full cash value multiplied by the assessment ratio.May be higher or lower than market value, or based on an assessment ratio that is a percentage of market value.
A value placed upon property by the tax assessor.
The value placed on a home by municipal assessors for the purposes of determining property taxes. It is generally based on a percentage of the home's market value.
The valuation placed upon real property by a taxing authority for purposes of taxation.
Value assigned to property by a local government agency for tax purposes. An assessed value does not necessarily equal the appraised value for purposes of obtaining a mortgage loan.
The value at which the parcel is placed on the tax roll. It may differ from the appraised value because of fractional assessment multipliers and other statutory or policy reasons.
The total dollar value assigned to all real property and improvements plus personal property subject to taxation. Effective March 1, 2001 the assessed value will be true tax value. Locally elected assessors determine property values with appraisal guides prescribed by the Department of Local Government Finance. These values may be changed by the county board of review. The Department of Local Government Finance assess all public utilities and may make adjustments to other assessments.
Figure in dollars determined for tax purposes by an assessor which reflects a property''s worth and which, unless exempt, is used to compute a tax dollar obligation by multiplying it by a tax rate. This is often confused with the term appraisal.
The value placed on a home by city or county assessors that determines property taxes. Generally based on a percentage of the home's overall market value.
The value placed on property by a tax assessor.
The value of the property for tax purposes. Finance determines the actual assessed value of a property by multiplying the property’s estimated full market value by the assessment ratio for the property’s tax class. In New York City, property may have three assessed values – actual assessed value, transitional assessed value, and billable assessed value.
Value placed on a property as the basis for taxation.
The assessed value is the portion of the true value in money on which taxes are based. In Missouri, the assessed value of property may not exceed 33 and 1/3% of its true value in money. For real property, residential property is assessed at 19% of its true value in money; agricultural/horticultural property is assessed at 12% of its productive value; and all other property is assessed at 32% of its true value in money. Most personal property is assessed at 33 and 1/3% of its true value in money.
A valuation set upon real estate or other property by a government as basis forlevying taxes. Taxable value is then calculated based on the assessed value. The assessed value is set by the County Property Appraiser, an independent elected official. See also Taxable Value
the valuation of real property established by the Property Appraiser as basis for levying taxes.
A home or piece of real estate property has more than one value; the assessed value generally refers to that value set on the land by tax authorities for purposesof determining real estate taxes.
A valuation of the property done by a provincial government assessment authority which is used for taxing purposes. In theory, assessed values and appraised values should be the same.
The value placed on the property by the taxing authority for reasons of taxation.
Valuation placed on property by a public tax assessor to calculate property tax.
The valuation of a property made by a public tax assessor for tax purposes.
The value of property established by a public tax assessor (for a city or township) in order to determine how much the property will be taxed.
Property value as determined by a taxing authority.
The value placed on land and improvements for taxation purposes.
The established value of a property for tax-assessment purposes, which may or may not reflect market value.
The monetary amount at which a property is put on the assessment roll for a particular assessment year.
The value a tax authority places on real property for the purpose of assessing yearly property taxes.
The value as determined by the local tax assessor's office for the purpose of levying local taxes.
Value placed on property by the County for the purpose of computing real property taxes. In Florida the assessed value is usually 15-20% below market value but will vary by area.
or Assessment Valuation placed upon property by a public tax assessor for purposes of taxation.
The value of the property on which property taxes are determined.
A value placed on property for the purpose of taxation.
A public tax assessor's appraisal of the value of an asset to calculate tax.
The value assigned to taxable property by the assessor for purposes of property taxation. The Code of Virginia requires all assessments to be at 100% of market value.
Value placed on property by Assessor's Office for the purpose of taxation.
The amount used by county tax assessor to value real property for tax purposes (generally the market value of the property). Proposition 13 limits annual increases in this value to a maximum of 2 percent. Assessed value multiplied by the tax rate determines property tax.
Dollar amount determined for tax purposes by a tax assessor. It indicates a property's worth and which, unless exempt, is used to compute a tax dollar obligation by multiplying it by applicable tax rate.
This value is arrived at by multiplying your fair value by the provincial percentage to obtain your assessed value, which is then used to determine your property taxes. Total fair value × Provincial percentage = Assessed value Assessed value × Mill rate × Mill rate factor ÷ 1000 = Property taxes
A value placed on a property by a public officer (assessor) or a board as a basis for property taxes.
The taxable value of property against which the tax rate is applied.
The value placed on a piece of real estate by the taxing authority for the purpose of taxation. Also called an assessment.
the value placed on property by a municipality for purposes of levying taxes. It may differ widely from appraised or market value.
The worth or value of a piece of property as determined by the taxing authority for the purpose of levying an ad valorem (property) tax. The assessed value of property is normally based on some percentage of market value. Property may be assessed at full market value or, as is more commonly the case, assessed at something less.
The public tax assessor's valuation placed upon property that is the basis for taxes.
The valuation placed upon property that is used to compute property taxes. Note: When purchasing a new piece of property, if the cost has gone up so has the assessed value and a few months after purchasing it, the property taxes will too.
The amount used by the San Bernardino County Tax Assessor to value real property for tax purposes. Assessed value is generally the market value of property. Assessed value multiplied by the tax rate determines property tax.
The value that a taxing authority places upon property for the purpose of taxation.
The value placed on property for taxation purpose.
The assessed value is the value of a property that is established for tax purposes.
Value placed on property as a basis for taxation.
The value of land and improvements to a property used to determine property taxes.
Is the taxable basis of a property. It is imposed by the municipality. Often it is at a fraction of the market value. Equally, as important, is the rate of taxation on that assessed value. Assessed values may differ substantially from market values and appraised values.
The valuation placed on property by a public tax assessor as the basis of property taxes. This value is not necessarily the appraisal value of a home.
Typically the value placed on property for the purpose of taxation.
Value placed on a homesteaded property before any exemptions are deducted but after the property tax cap is factored. For non-Homestead properties, the Assessed Value is the same as Market Value. Assessed Value minus exemptions equals Taxable Value.
value determined for tax purposes by government evaluators. This value may be significantly below true market value in many jurisdictions.
The value of a property according to your local tax assessor; determines how much you will pay in property taxes.
The valuation placed on real estate by a public tax assessor for purposes of taxation.
The value of a San Jose home according to your local tax assessor; determines how much you will pay in San Jose home taxes.
The assessed value is the value of a property for the purpose of determining property taxes. This figure depends on the methodology used by the local tax assessor and, thus, may differ from the appraised or market value of the property.
An estimate of value assigned to taxable property by the assessor for purposes of taxation.
The valuation placed on a property for the purposes of taxation by an authority.
The value placed on land and improvement as a basis for taxation. In California this is usually accomplished by the county assessor's office. And the assessed values for real estate taxes are usually one quarter of market value.
The value of a property as determined by government evaluators for tax purposes. Assessed value is typically below actual market value.
The value placed on property for tax purposes. Usually does not reflect fair market value.
A dollar amount assigned to taxable property.
Worth established for each unit of real property for tax purposes by a county property appraiser.
Market value for property tax purposes, usually done by a government agency (usually fairly outdated)
The value placed on the property by the county assessor's office based on the property's appraised value. The assessed value generally increases annually at a rate from 1%-2%. However, this is not necessarily the property's current market value.
A valuation placed upon property by the Province, as a basis for municipal taxation. Assessed value may or may not have any relationship to market value.
a property valuation done for tax purposes, used by Council to set rates
The value attributable to real estate shown on the municipal tax rolls for taxation purposes.
The property value determined by the County Assessor and used by the Treasurer to calculate a tax amount. The method of determining the assessed value is specified in Nevada tax law (NRS 361) and by regulations from the Nevada Department of Taxation. The assessed value is stored at a rate of 35% of the taxable value of the property.
The value placed on land and buildings separately, by a County Assessor for use in levying real estate taxes.
A value placed upon property by a tax assessor.
the value of a property according to the assessment rolls in ad valorem taxation.
Value placed on property by the tax assessor. Usually not the same value figure as the "Appraised Value".
The valuation placed on property for the purpose fixing the amount property taxes.
The valuation placed upon property by a public tax assessor for purposes of taxation. Page Top
Value placed upon property for property-tax purposes by the tax assessor.
Used for tax calculations, assessed value is equal to 35% of appraised value.
The valuation placed upon property by a public tax assessor for purposes of taxation. Assumable mortgage A mortgage that can be taken over by the buyer when a home is sold. alloon Mortgage: Type of mortgage loan where monthly payments are made until a certain date when the remaining balance becomes payable in full.
A property's value for purposes of taxation, as determined by a public tax assessor.
The value on which the tax burden to support local government services, special assessments and public schools is allocated among property owners. The Appraised value multiplied by the assessment percentage equals the assessed value.
A valuation placed on the property as a basis for municipal taxation.
The valuation placed on property by a public tax assessor for taxation purposes.
The value of property for taxation purposes.
The valuation placed upon property by a public tax assessor used to calculate property taxes.
The value of real estate or personal property as determined by a governmental unit, such as a city, for the purpose of determining taxes. (G)
The value assigned to a given property by the municipality for the purpose of establishing realty taxes payable by the owner of the property. Assessed value may differ widely from appraised or market value.
Value of real property set by a municipality for taxation purposes.
value of real property for realty tax purpose which is arrived at by multiplying market value by assessment level.
The value placed on a property by local officials for taxation purposes. It may or may not equal the appraised value.
The valuation placed upon property by a public tax assessor as the basis for taxes.
The value of a property according to jurisdictional tax assessment.
The value of equipment as determined by a taxing authority for the purposes of assessing personal property tax.
The value placed upon a property for property tax purposes.
Property's taxable value according to your local tax assessor.
The value placed upon property after multiplying the assessment level by the market value.
The value placed on property by a municipality for the purpose of levying taxes.
A property's adjusted actual market value to establish property taxes.
The value of a property, established for tax purposes, as determined by the local property appraiser's office
The value of a property as determined for taxation by a public tax assessor.
The value of a piece of property as determined by a public tax assessor for the purpose of determining the annual property tax.
BC Assessment sets property values which are used by local municipalities to calculate property tax.
A statement of the current market value of a property made by a local government agency for purposes of determining taxes.
Value that county or city tax assessors place on a piece of property or buildings. This is usually not the same as the actual market or appraised value of the property. The assessed value is multiplied by the tax rate to determine the tax liability.
The value placed on land and buildings by a government unit (assessor) for use in levying annual real estate taxes.
The value of a property as determined by an assessor. In Clark County, property taxes are based on assessed value.
A value placed on property by the legal taxing body for the purpose of determining real estate taxes.
Taxable value of home set by local tax assessor's office.
The valuation is determined by a public tax assessor for taxation purposes.
The value placed on land and buildings by a government agency for tax purposes.
Value placed on real estate by a public officer or board as a basis for taxation.
The valuation placed upon property by a public tax assessor for purposes of taxation. This may not always be equal to the appraised or market value of the property.
A tax assessor's determination of the value of a home in order to calculate a tax base.
The determination by the state of the property's worth, for property tax purposes. Assessed value is usually a percentage of the appraised value.
The appraised value less consideration for Amendment 10 and prior to deductions for exemptions.
The value a public tax assessor assigns to a particular piece of real property for purposes of assessing the taxes owed by the property owner.
The value placed on a property by the B.C. Assessment Authority for the purposes of determining annual property Taxes. Assessed Value multiplied by the "Mil Rate" equals the tax levy for the year.
The Assessed Value of property is determined by the Assessor's Office. Generally, the Assessed Value is the fair market value of the property as of the valuation date, that is, the date used when determining the Assessed Value. See page 6.
Used as a basis for taxation, it is a value placed upon property by a public officer or board to which the tax rate is applied.
The value of a property as determined by the local tax jurisdiction that is used to determine the amount of your property taxes.
The value of a property as determined by a public tax assessor for the purpose of taxation. Back
The value given to a property by the public tax assessor for the amount of property taxes to be paid.
The value of a property (according to the local county tax assessor) for the purpose of determining property taxes.
The valuation that is placed upon property by a public tax assessor for purposes of taxation.
Thirty-five (35) percent of the total appraised value (taxable value) of the property.
The value used to determine property taxes, based on a public tax assessor's opinion. Contrast with appraised value.
Assessed value in thousands of dollars, as reported in the Colorado Division of Property Taxation Annual Report. The year associated with the assessed value is the same as the year of the property tax it generates, e.g., 1993 assessed value generates 1993 tax revenues.
Assessment is a value placed on a property for tax purposes.
the value place on property by taxing authorities for purposes of levying taxes. It may differ widely from appraised or market value.
a percentage of the appraised value that is used to calculate the tax amount on that property. The percentage is determined by the property's use–in Montgomery County, TN., residential and agricultural property = 25% of the appraised value; personal property = 30%; commercial and industrial property = 40%; public utilities = 55%. If the value of your home is $100,000, the assessed value would then be $25,000; see also appraised value; see also Appraisal.
The government's estimate of a property's value, which is used to calculate property taxes. Each county and state has its own formula to calculate property taxes, but for the most part, the assessed value is multiplied by the local tax rate. You'll notice that the assessed value isn't always equal to the actual value of a property. But, if you feel that your property taxes are too high, petition your local tax assessor to reconsider the assessed value.
The value of a property, set by the B.C Assessment Authority, and used by the local municipality for the purposes of calculating property tax.
50% of market value (also see State Equalized Value)
The value of a piece of real estate by the taxing authority for the purpose of taxation. This is also known as an assessment.
The value of a property for tax purposes according to the Tax Assessor of the jurisdiction in which the property is located. This number bears very little relation to the current market value of the property
The estimated value of property used for tax purposes.
The government (local, provincial, or state) provides an assessed value of a property's worth for tax related purposes.
the value placed on a property by an assessor for purposes of taxation; in Georgia it is usually 40% of the appraised value of the property.
The value of a property for tax purposes set by a tax assessor according to a formula.
A determination by a tax assessor of the value of a home in order to calculate a tax base.
The value of a house, for taxation purposes, as determined by the Assessor using a formula based on recent sales prices of comparable homes. The assessed value of a property consists of the value of the land and improvements. The net assessed value would be the value of the land and improvements less any exemptions applicable to the parcel. The assessed value of a parcel is subject to reassessment when a change of ownership occurs, new construction is completed (and reported), there is a decline in value, or upon request by the property owner.
The value of real property estimated for the purpose of computing real property taxes.
value placed on a property by a public tax assessor for purposes of taxation.
The value placed upon property by a public tax assessor as for taxes purposes.
The value of property for the purpose of assessing a tax against it; assessed value may or may not be actual assessed value.
A state or local government's determination of a property's worth for tax purposes.
Value placed on a property by the tax assessor for property tax purposes. Assumable Mortgage A mortgage that can be taken over -assumed- by the buyer when a property is sold. Balloon Mortgage A mortgage that offers lower interest rates for a shorter term financing, usually seven years, and requires final payment or refinancing at the end of the term.
Value placed on a home by a government tax assessor in order to calculate a tax base.