Current Value Assessment definition

Current Value Assessment means the current value assessment of land, determined under the provisions of the Assessment Act, for a given year;
Current Value Assessment means the current value assessment of the Property as shown on the last returned assessment roll at the time of submitting the Expression of Interest to the City;
Current Value Assessment. (CVA) means the current value of a property, as determined by MPAC.

Examples of Current Value Assessment in a sentence

  • The estimated municipal costs associated with the Category 3 funding envelope outlined in Schedule A will be apportioned among the participating municipalities according to the Modified Current Value Assessment (MCVA), as outlined below.

  • These costs will be apportioned among the participating municipalities according to the Modified Current Value Assessment (MCVA), as outlined below.


More Definitions of Current Value Assessment

Current Value Assessment or “CVA” means the non-phase adjusted value assigned to a property, or portion of property by the Municipal Property Assessment Corporation (MPAC) as shown on the official assessment roll returned for a taxation year;
Current Value Assessment means the assessed value of a property determined by the Municipal Property Assessment Corporation (MPAC) pursuant to section 19 of the Assessment Act;
Current Value Assessment means the current value assessment of land, determined under the provisions of the
Current Value Assessment means the current value assessment of the Property as shown on the last returned assessment roll at the time of submitting the Pre-Application to the City;
Current Value Assessment or “CVA” means the current value of a Residential Unit as determined by the Municipal Property Assessment Corporation as of the Billing Date;

Related to Current Value Assessment

  • Current Assessed Value means the annual taxable assessed value of all real and tangible

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Equalized assessed value means the assessed value of a property divided by the current average ratio of assessed to true value for the municipality in which the property is situated, as determined in accordance with sections 1, 5, and 6 of P.L.1973, c.123 (C.54:1-35a through C.54:1-35c).

  • C/D Assessment Rate for any day as applied to any Base Rate Loan, the annual assessment rate in effect on such day which is payable by a member of the Bank Insurance Fund maintained by the Federal Deposit Insurance Corporation (the "FDIC") classified as well-capitalized and within supervisory subgroup "B" (or a comparable successor assessment risk classification) within the meaning of 12 C.F.R. ss. 327.4 (or any successor provision) to the FDIC (or any successor) for the FDIC's (or such successor's) insuring time deposits at offices of such institution in the United States.

  • Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.