Assessed Valuation

(redirected from Taxable Values)
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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 ?
Dumont said taxable values in the town decreased by 4.
3] Taxable values for livestock are 4 percent of assessed value.
Very well managed finances, displaying substantial cash reserves, are supported by steadily growing taxable values.
For 2010, the county is estimating a decrease in taxable values that will translate into a property tax revenue decline.
The last exclusion proved especially important: by 1994 taxable values had declined at least 5 percent in 34 of Montana's 56 counties.
The district's small but growing tax base is concentrated; the top 10 taxpayers represent about 33% of total taxable values.
The district continues to meet a sizable portion of its deferred capital needs from available reserves, which along with substantial state support for debt service and growing taxable values, have resulted in low debt levels and tax rates.
Hospital officials report that taxable values in the district dropped between 20%-25% after Hurricane Katrina.
Preliminary taxable values for next year point to an 18% increase.
Although city general fund revenues are heavily weighted toward sales tax revenues, financial reserves have exhibited ongoing resiliency in the face of recent sluggish sales tax growth, aided by expenditure controls and growing taxable values.
District (parish-wide) taxable values for 2006 actually increased slightly less than 2% from the prior year; this increase handily exceeded the 20%-30% decline that was projected in the months following the hurricane.