Assessment ratio definition

Assessment ratio means the relationship between assessed value and fair cash value for a county or for use categories within a county expressed as a percentage determined in the annual equalization ratio study;

Assessment ratio means the relationship between assessed

Assessment ratio means a real property tax assessment ratio, however designated or calculated, that is used under applicable general law to determine the assessable base.

Examples of Assessment ratio in a sentence

• Mean (Average) Ratio Limitations of Use Assessment ratio studies show the relation between market values and assessed values, and assessed values within and among areas.

• For example if the assessed value of all the property subject to property tax in the municipality is$2,700,000 and the equalized value in the municipality is $3,000,000 then the "assessment level" is said to be 90% ($2,700,000/$3,000,000 = .90 or 90%) .Assessment ratio – relationship between the assessed value and the fair market value For example, if the assessment of a parcel which sold for $150,000 (fair market value) was $140,000, the assessment ratio is said to be 93% (140,000 divided by 150,000) .

• Assessment ratio is 55 percent of appraised value.Authorization: T.C.A. 67-5-801 et seq.

• For example if the assessed value of all the property subject to property tax in the municipality is$2,700,000 and the equalized value in the municipality is $3,000,000 then the "assessment level" is said to be 90% ($2,700,000/$3,000,000 = .90 or 90%) .Assessment ratio – relationship between the assessed value and the fair market value .

• Assessment ratio is the overall financial performance measurement.

• Assessment ratio based on the opinions of Poles (including parents) in regard to the operation of Polish schoolsSource: compiled on the basis of Kowalczuk K., Polska szkoła AD 2014, p.2 and 5.

• Cannot exceed the amount of the special benefit. Assessment ratio: Portion of the special benefit each property will pay.

• Assessment ratio will phase down by one half percentage point per year from 20% in Fiscal Year 2013 to 18% starting in Fiscal Year 2017.

• Conclusion on Response CategoriesThe foregoing represents a summary of the 15 categories of responses to Indigenous homelessness, developed as a part of the Memmott et al (2002) analysis, which in turn described in detail some 73 response types (programs, activities, philosophies, etc).

• Assessment ratio – The fractional relationship an assessed value bears to the market value of the property in question; the fractional relationship the total of the assessment roll bears to the total market value of all taxable property in a jurisdiction.

More Definitions of Assessment ratio

Assessment ratio means the ratio of the assessment to an indicator of market value for a property;

Assessment ratio means that percentage of the appraised value of property adopted for use in taxing property.

Assessment ratio means the decimal fraction rounded to the nearest ten thousandth obtained when the assessed value of all taxable nonmanufacturing property as taken from the clerk’s statement of assessment filed with the department is divided by the value of all taxable nonmanufacturing property in the taxation district as determined by the department of revenue prior to adjustments under s. 70.57, Stats.