assessed valuation

(redirected from Taxable Value)
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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 ?
As long as you continue to own it, the taxable value can only go up by a small percentage.
To determine the 2009-2010 and 2010-2011 taxable values, the assessor followed the process dictated by Nevada statute.
The dual structure of the new tax system will allow the central and state governments to levy GST simultaneously, on a common taxable value, on the supply of goods and services.
The cost of operating the pool is about $25,000 which mean a cost of 25 cents per $1,000 of taxable value. That would have to be added to the property tax rate for the city to provide that service in 2011.
Buried inside was the assumption that the taxable value of a barrel of oil would average $65 to $75 during those two years.
County Administrator Robert Weisman's proposed budget calls for raising the property tax rate to $4.93 per $1,000 of taxable value, which he says is needed to generate the same revenue in 2011 as in 2010.
So if the client transfers the option to an heir or to a trust, the taxable value of the gift will be relatively low, and the gift tax will be minimal.
Montana is one of two states where the state determines the taxable value of residential property.
In a case of first impression, the Tax Court held that where the profit-sharing plan of an S corporation wholly owned by the taxpayers distributed to them a life insurance policy on their lives, the taxpayers could not reduce the taxable value of the could not reduce the taxable value of the policy by the amount of the surrender charge for purposes of determining their income from the transfer.
State law requires that local jurisdictions track state equalized value (SEV) and taxable value (TV) for each parcel, where SEV is equal to one-half of market value.
BJ's Wholesale Club Distribution Center's recently won a settlement to reduce its taxable value by $6 million, Ms.