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assessed valuation
(redirected from Taxable Values)

   Also found in: Legal, Financial 0.01 sec.
assessed valuation
The value of a property as determined by a municipality for real estate tax purposes; often this valuation is less than the true market value of the property.


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The Minnesota Department of Revenue (2007) reports that, as a result of a taxable value cap, 84 percent of residential homesteads in Minnesota had to pay a higher tax in 2006 than they would have had if taxable values had remained unrestricted, all else equal.
Dumont said taxable values in the town decreased by 4.
In the late 1970s, inflation was approaching double-digit rates and home values were increasing even faster, so this provision reduced taxable values substantially.
 
 
 
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