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Assessed Valuation

   Also found in: Financial 0.02 sec.

The financial worth assigned to property by taxing authorities that is used as a basis or factor against which the tax rate is applied.

A prescribed amount of the value of each unit must be paid as taxes in the future. In most cases, the assessed value is not representative of the fair market value of the property.



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Westside property owners already pay about $18 per $100,000 assessed valuation on a tax approved in 1989 that nine years later was extended until 2026.
Twenty Largest Taxpayers in the City of Los Angeles 2002-03 Secured Assessed Valuation Property Owner Primary Land Use Douglas Emmett Realty Funds Office building Ultramar Inc Oil and gas production Tosco Corp.
The 'A+' rating reflects the borough's sound financial position, robust assessed valuation growth, continued economic diversification, and moderate debt levels.
 
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