Assessed Valuation

(redirected from Taxable Value)
Also found in: Financial, Encyclopedia.

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 ?
Luminant and Somervell County announced an agreement for the 2014 taxable value of Comanche Peak Nuclear Power Plant.
Garbage fee in Bulgaria's capital is currently determined on the basis of the taxable value of a piece of property.
Arrington told commissioners that the city could get by with a small increase to $6 per $1,000 of taxable value, but that would mean "a very basic budget.
BJ's Wholesale Club Distribution Center's recently won a settlement to reduce its taxable value by $6 million, Ms.
119 or 132(e) requirements for exclusion, the taxable value of the meals is includible in the employees' gross income and subject to FICA, FUTA and Federal income tax withholding.
7 Kyodo The average taxable value of land in Japan's 47 prefectures is projected to fall 5.
The longer the time period, the smaller the taxable value of the gift.
You have absolute control (own the voting stock), but the ownership and taxable value (the non-voting stock) is out of your estate.
Business owners must list all their furnishings such as computers, chairs, tables and equipment so that a taxable value can be determined.
Second, taxable value is a fraction of assessed value.
Although the oil and gas fields' production levels may fluctuate, taxable value is largely based on the huge capital investment in equipment required for oil and gas extraction and exploration.
The city is projecting multi-year declines in taxable value that, if realized, will ultimately result in declines in property tax revenues absent corrective measures.