Assessed Valuation


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Assessed Valuation

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.

References in periodicals archive ?
The owners of the Palladium have been successful in getting some relief from the 229 percent increase in the assessed valuation of the downtown entertainment venue.
Because assessed valuation has gone up, it allows us to sell the last series of bonds this fall,'' Melchers said.
In fact, the Finance document that discloses the history of the assessed valuation - known as an "AV HS" - already reflects the new reduced assessments, supporting Borin's claim that Finance already has the information it needs to generate new bills.
The assessed valuation in California's 15 coastal counties (which account for nearly 60 percent of total assessed valuation) fell 0.
According to the assessor, the average assessed valuation of single-family homes has dropped 3.
If passed, Measure E would raise property taxes about $30 per $100,000 assessed valuation, which is slightly more than what property owners already pay on a high school bond measure passed by voters in 2002.
The rates are paid per hundred dollars of billable assessed valuation.
The 'A+' rating reflects the borough's sound financial position, robust assessed valuation growth, continued economic diversification, and moderate debt levels.
The tax would be $55 per $100,000 assessed valuation, but the average assessed valuation in those two communities is about $44,000 so the annual tax for homeowners would be about $27 a year, district officials said.
Penalties for missing or defective filings begin with the property being disqualified from having an appeal of the assessed valuation heard before the Tax Commission.
The 'A+' rating reflects Washington Unified School District's (the district) low direct debt level, strong population and assessed valuation growth, rising school enrollment, and historically healthy fund balances.
No specific figures have been decided upon yet, but a district survey conducted in February of more than 500 registered voters indicated that 55 percent supported paying an annual tax of $23 per $100,000 assessed valuation.