Assessed value of property definition

Assessed value of property means an annual determination of:
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Assessed value of property means an annual determination of the just or fair market value of an item or property or, if a property is assessed solely on the basis of character or use or at a specified percentage of its value, pursuant to Section 4(a) or 4(b), Article VII of the State Constitution, its classified use value or fractional value.
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Assessed value of property means an annual
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Examples of Assessed value of property in a sentence

  • May 31 Assessed value of property established for next year's levy at 100 percent of market value.

  • February 14 - Tax bills are mailed.April 30 - First of two equal installment payments is due.May 31 - Assessed value of property established for next year's levy at 100 percent of market value.

  • Assessed value of property is established at 100% of market value for next year’s levy on May 31.

  • Property Tax Calendar:January 1 Taxes are levied and become an enforceable lien against propertiesFebruary 14 Tax bills are mailedApril 30 First of two equal installment payments is dueMay 31 Assessed value of property established for next year’s levy at 100 percentof market valueOctober 31 Second installment is due Property taxes are recorded as a receivable and revenue when levied.

  • May 31 Assessed value of property established for next year’s levy at 100 percent of market value.

  • Assessed value of property within the District in FY 10-11 in Santa Clara and San Benito Counties was $16.9 million and $124.3 million, respectively.

  • February 14 Tax bills are mailed.April 30 First of two equal installment payments is due.May 31 Assessed value of property established for next year's levy at 100% of market value October 31 Second installment payment is due.Property taxes are recorded as a receivable when levied, offset by deferred revenue.

  • February 14 Tax bills are mailed.April 30 First of two equal installments is due.May 31 Assessed value of property established for next year's levy at 100% of market value.

  • PROPERTY TAXES The county treasurer acts as an agent to collect property taxes levied in the County for all taxing authorities.Property Tax Calendar January 1 Taxes are levied and become an enforceable lien against properties February 14 Tax bills are mailedApril 30 First of two equal installments is dueMay 31 Assessed value of property established for next year’s levy at 100 percent of market valueOctober 31 Second installment is due.

  • February 14 Tax bills are mailed.April 30 First of two equal installment payments is due.May 31 Assessed value of property established for next year’s levy at 100 percent of market value.October 31 Second installment is due.


More Definitions of Assessed value of property

Assessed value of property means an annual determination of the just or fair market value of an item or property or the value of the homestead property as limited pursuant to
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Assessed value of property means an annual determination of the just or fair market value of an item or property or, if a property is assessed solely on the basis of character or use or at a specified percentage of CODING: Words, symbols, and letters stricken are deletions; words, symbols, and letters underlined are additions. C-22- its value, pursuant to Section 4(a) or 4(b), Article VII of the State Constitution, its classified use value or fractional value.
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Related to Assessed value of property

  • Assessed value means 1 of the following:

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Adjusted Property means any property the Carrying Value of which has been adjusted pursuant to Section 5.5(d).

  • Good Value means that the Benchmarked Rates are within the Upper Quartile;

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Initial assessed value means the assessed value, as equalized, of all the taxable property within the boundaries of the development area at the time the resolution establishing the tax increment financing plan is approved as shown by the most recent assessment roll of the municipality for which equalization has been completed at the time the resolution is adopted. Property exempt from taxation at the time of the determination of the initial assessed value shall be included as zero. For the purpose of determining initial assessed value, property for which a specific local tax is paid in lieu of a property tax shall not be considered property that is exempt from taxation. The initial assessed value of property for which a specific tax was paid in lieu of a property tax shall be determined as provided in subdivision (w).