assessment ratio


Also found in: Financial.

assessment ratio

Of a property, the ratio between its market value and its assessed value.
References in periodicals archive ?
Once this assessment ratio is granted, the primary method for monitoring continued qualification of residents is through notification of change of addresses, which then triggers a follow-up regarding the 4% assessment ratio.
Among the 13 bid participants, the Dar Al-Handasah alliance received an 86% assessment ratio.
BNM's latest directive to banks to set aside a minimum collective assessment ratio (including regulatory reserves) of 1.
In 2003, the Department of Revenue issued its decision rejecting Sonoco's claims and stating that "intervening roads, rights-of-way, and railroad tracks do not destroy contiguity" The trial court disagreed, finding that the public road between the buildings and the plant site created a "clearly defined, intervening land area with legal boundaries demarcating the two land areas" The court thus held that the four buildings were not contiguous with the plant site and were entitled to a 6% assessment ratio.
For example, Alabama provides a 10-percent assessment ratio for historic properties compared with South Carolina's 60-percent assessment rate for commercial properties.
Currently, the parties end up stipulated to the city's stated 45 percent assessment ratio.
Identify the basic components of the assessment equation and the tax burden: fair market value, assessment ratio or equalization rate, assessed value, tax rate, and tax burden.
Based on 1990-91 sales, the agricultural land assessment ratio was 67.
The taxpayers (resort properties) represent about 2% of the district's tax base and, if resolved in favor of the lower assessment ratio currently under litigation, the district could be required to repay an estimated $27 million of back taxes, representing the disputed taxes for the period from fiscal year 2003 to the present.
The property tax bill (Senate Bill 1303) would have reduced the school's property tax assessment ratio from 18.
When the state revenue commissioner determines the total market value of all property held by a public utility in the state, apportions the value between counties, and sets a tax assessment ratio, a county can modify the assessment ratio but not the apportioned market value, according to the Supreme Court of Georgia.
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