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.
The last exclusion proved especially important: by 1994 taxable values had declined at least 5 percent in 34 of Montana's 56 counties.