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assessment ratio

   Also found in: Financial 0.03 sec.
assessment ratio
Of a property, the ratio between its market value and its assessed value.


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Loan to value (LTV): Is also said to be the lending risk assessment ratio that financial institutions and other lenders examine before approving.
Chicago (as well as the rest of Cook County) has an unusually complicated classified property tax system with a statutory assessment ratio of 16 percent of market value for residential properties.
 
 
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