Assessed Valuation

(redirected from Taxable Value)
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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 supreme court noted that in determining the taxable value of improvements, the Nevada State Board of Equalization (SBE) had applied the cost approach and had reduced the taxable value of improvements on certain parcels owned by the Sun City Summerlin Community Association (Association) to a flat $10,000 per parcel.
The Federal Board of Revenue (FBR) has barred the manufacturer or importer making supplies of fertilizers from reducing taxable value or price of the commodity for assessment of sales tax or bringing down sales tax amount on account of subsidy.
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.
All of these changes add to the county's total taxable value, as does new construction.
Second, taxable value is a fraction of assessed value.