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 increase is fueled in large part by a 25 percent average increase in the assessed valuations of commercial properties, and a nearly 28 percent average increase in industrial properties.
Protesting assessed valuations that are too high is one way owners can keep some control over rising costs.
Due to its proximity to the employment centers in Sacramento and the San Francisco Bay area, and fueled by its relative affordability of housing and lower cost of living, the district's tax base is experiencing strong growth, with assessed valuations averaging an annual growth rate of 11.
Gural explained there is going to be a continued "huge" budget deficit as a result of the decline in both assessed valuations and revenue from Class IV.
Moreover, the top two taxpayers are oil refineries (Shell and Tesoro Corporation), the assessed valuations of which are highly vulnerable to economic fluctuation.
Assessed valuations have demonstrated healthy overall growth.
This expected development should further enhance assessed valuations and increase tax base diversification.
Nevertheless, assessed valuations have risen at an annual average rate of 4.
Financial operations have benefited from the modest rate increases as well as solid growth in taxable assessed valuations (TAV).
Assessed valuations (AV), which were conservatively projected to decline, increased a moderate 3.
The rate reduction is due to higher assessed valuations of real estate throughout Metropolitan's six-county service area and reduced debt-service cost covered by the tax levy.
The district has experienced steadily increasing assessed valuations (AV), with an average annual growth of 4.