assessment ratio

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assessment ratio

Of a property, the ratio between its market value and its assessed value.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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said Wednesday they will merge based on share value assessment ratios of 1:1 and 1:0.7 respectively next April, when the two and Nippon Trust Bank combine managements.
KS believe that "the property tax will not likely be viewed as fair if there is a wide variation in assessment ratios among classes of property and if the tax is riddled with exemptions." South Dakota Department of Revenue's studies show lower assessment ratios for agricultural land than for residential property in almost every county.
The coefficient of dispersion is the standard statistical measure of "variation in assessment ratios." "The larger this number, the less uniform the assessment system." (KS 1986, 47) According to South Dakota's annual report on property assessment, "there seems to be some general acceptance of the notion, when all properties in a jurisdiction are concerned, that 20 percent is the absolutely outside tolerable figure; that 15 percent can be achieved if there is a genuine excellence in the assessment product." (U.S.
The application of different assessment ratios to different classes of property results in different effective tax rates, which express tax as a percentage of market value.
An equalization factor of 2.20 implies that the statutory assessment ratio for industrial property is 79.2%, which can be compared to an assessment ratio of 33.3% in the other counties, a ratio of statutory assessment ratios of 2.38.
Table 2 provides summary statistics for the data used to calculate the mean county assessment ratios. The mean assessment ratios for sales during the month preceding the auction for Broward County, Miami-Dade County, and Palm Beach County are 82.4%, 95.1%, and 79.4%., respectively.
As per the plan, the revenue measures will be achieved through broadly increasing the personal tax base, to "rationalize personal income tax rates", eliminate tax expenditures, administrative measures to improve the assessment ratios of property tax and eliminate low-yielding withholding tax provisions.
As per the plan, the revenue measures will be achieved through broadly increasing the personal tax base, to 'rationalise personal income tax rates', eliminate tax expenditures, administrative measures to improve the assessment ratios of property tax and eliminate low-yielding withholding tax provisions.
Since that time, the market values of properties within the School District and County have significantly changed, leading to discrepancies and a range of assessment ratios. The School District decided to appeal the assessments of some properties within its boundaries and concentrated solely on commercial properties.
New York, NY, August 23, 2015 --(PR.com)-- Homequant, the inventor of valuing user-defined subjects with actual comparable sales, is pleased to announce the launch of its newest solution for current and future homeowners: TownAnalyst.com - a free assessment and market analysis portal that seamlessly connects the two pieces together, allowing homeowners to understand if and when their hometown is over, under, or fairly assessed in line with the county's statutory assessment ratios. TownAnalyst.com covers all of Homequant's 60 major markets.
H6-Property owners with higher assessment ratios are more likely to be delinquent.
The effective tax rate is the product of the nominal tax rate and the assessment ratio. The effective tax rate provides the actual tax rate paid on the assessed value of the property as illustrated below:
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