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 ?
Justice Debra James found that the statutory text of the city's administrative code made it clear that the average assessed value standard did not apply to moderate rehabilitations.
* New construction, which increases the number of parcels and thus the total assessed value
If there is a substantial decrease in the estimated actual value of taxable real property, the effect on the net assessed value of the property will most likely be proportional.
They also examined property tax behavior in 180 Georgia school districts from 1997 through 2009, specifically the impact of per capita assessed value on the tax rate, and find that changes in tax rates do partially offset changes in the property tax base.
The town was prepared for a reduction in assessment to the previously determined level of $19,000,000; however, the assessed value is approximately 50 per cent less than what was anticipated.
If the assessed value is more than $100,000 and not in excess of $999,999, the filing fee is $100.
"Some of the key features of the product include highly competitive pricing depending on the customers' needs, one of the lowest loan processing fees in the market, a loan to assessed value of 80 per cent of the total cost of the property for both primary and secondary residences and a repayment period of up to 20 years," the bank said.
According to the Supreme Court of Virginia, a taxpayer can prevail in a property tax appeal by proving a sufficient disparity between the assessed value of real property and the fair market value so long as the difference doesn't fall within the range of a reasonable difference of opinion.
The rating is based on the local tourism- and timber-centred economy, the declining concentration in the property tax base with the 10 leading taxpayers generating 17% of total assessed value and strong debt service coverage.
After comparing assessed value data with their market values, it was established that the average assessed property value in Riga was 17,100 lats (24,400 euros), while the average market value in 2009 was 20,100 lats.
Priced below Orange County Property Appriser's assessed value of $103,718.
Under the amendments, notices must include the previous year's assessed value of the property, current assessed value, and the percentage change.