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 ?
Real And Personal Property Tax do not exist at the state level, but rates per $1,000 of assessed valuation (20 percent assessment ratio) for individuals and businesses are $70.10 for Little Rock, $66.80 for North Little Rock, and $62.90 for Maumelle.
That would be the effect of the .1 percent residential assessment ratio when married to the state-mandated 6 percent cap on assessment."
This bill was passed the last night of session by wide margins.<br />Finally, CRE had a huge joint victory along with the AMA also on the last night of session by successfully opposing a major tax break proposed for selected elderly home owners who would have their property tax rates slashed in half (10 percent assessment ratio reduced to 5 percent) at the expense of businesses who would bear the cost shift implications.
If a county has a statutory residential assessment ratio of .85, all towns within the county must be assessed at (or very close to) that ratio.
York County, through the Assessor s Office, has responsibility for determining if applicants qualify for the 4% owner-occupied assessment ratio. 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.
where Delinquenti indicates whether the property owner is delinquent (yes = 1, no = 0), Pt is a vector of property characteristics (Homestead Exemption, Statutory Tax Rate, Taxable Value, Years Owned, Assessment Ratio (16), Detroit Owner (17), Size, and Delinquent on Water, and [X.sub.i] is a vector of variables that are excluded from the second-stage outcome equation, as presented below.
BNM's latest directive to banks to set aside a minimum collective assessment ratio (including regulatory reserves) of 1.2 per cent will further enhance banks' loss-absorption capacity.
To identify and evaluate more effective criteria, the authors used the Step-wise Weight Assessment Ratio Analysis (SWARA).
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. The city has protested and fought the state Bureau of Real Property Services in court when the rate has not come out in its favor.
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