assessed valuation

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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.
References in periodicals archive ?
BJ's Wholesale Club Distribution Center's recently won a settlement to reduce its taxable value by $6 million, Ms.
3 The 1995 Montana legislature directed that taxable values for business and agricultural equipment be gradually reduced from 9 percent to 6 percent of market value beginning in fiscal year 1997.
A number of local governments are approaching or have reached these caps as a result of the dramatic declines in taxable values over the past several years.
Table 1 reports statewide taxable values, mill rates, and taxes levied for each year from 1987 through 1994.
Projected multi-year taxable value declines, if realized, will result in appreciable declines in total general fund revenues and reserves absent expenditure reductions, enhanced revenue sources, or a combination of both to achieve operating equilibrium.
Debt ratios are favorable; debt to taxable value and debt per capita are modest against the norms.
Because county officials maintained a fairly stable tax rate in fiscal year 2002, despite a doubling of taxable values, the county was able to cash fund its new county courthouse, transferring $4 million in fiscal years 2002 and 2003 and $1 million in fiscal years 2004 and 2005 to the capital projects fund.
Based on fiscal 2006's TAV of over $2 billion, taxable values per capita are above average for South Texas municipalities at nearly $34,000.
The underlying 'A+' rating reflects the district's adequate reserve levels, growing taxable values, and renewed voter support for a much needed bond program.
Fitch assigned an initial rating of 'BBB-' on the city's GO and COs in 2003 based on the city's improved financial position and management practices, renewed economic development efforts to increase taxable values and local employment, and limited future debt plans.
However, taxable values of the proposed annexed areas are significant and would increase the system's taxable values by nearly 44%.
Totaling a manageable 9% of the city's total TAV, in a the worst-case scenario in which both plants' TAVs are totally lost, the tax rate impact on the city's remaining taxable values would be modest at under 6?