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assessment ratio
(redirected from Assessment Ratios)

   Also found in: Financial 0.01 sec.
assessment ratio
Of a property, the ratio between its market value and its assessed value.


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Vertical inequities" exist when assessment ratios are not consistent across a range of values.
The main classes and their statutory assessment ratios are as follows: Small residential (6 or fewer units) 16% Large residential (more than 6 units) 33% Commercial 383% Industrial 36% The Illinois Department of Revenue computes an equalization factor that brings the total assessed value of property for Cook County up to 33.
said Wednesday they will merge based on share value assessment ratios of 1:1 and 1:0.
 
 
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