Examples of Equalized assessed value in a sentence

Money paid by a developer for the improvement of property as permitted inN.J.A.C. 5:93-8.8. Equalized assessed value.
Equalized assessed value is a means of converting property assessments to full value and is used in translating the overall county tax rate to apply it to individual municipalities.
Equalized assessed value" means the property's assessed value as equalized by the Department.
Equalized assessed value captures the value of all taxable property within municipal boundaries, including residential, commercial, industrial, and agricultural properties.
Equalized assessed value (EAV) has continued to grow in recent years but at slower rate.

More Definitions of Equalized assessed value

Equalized assessed value means the value of a property determined by the municipal tax assessor through a process designed to ensure that all property in the municipality is assessed at the same assessment ratio or ratios required by law. Estimates at the time of issuance of a building permit may be obtained utilizing estimates for construction cost. Final equalized assessed value will be determined at project completion by the municipal tax assessor.

Equalized assessed value means the assessed value as equalized by the Illinois Department of Revenue.

Equalized assessed value means the assessed value of a

Equalized assessed value means the property's assessed value as equalized by the Department.

Equalized assessed value means the assessed value of the property in the year that the transfer is made divided by the Director’s equalization ratio which changes each year based on a sales study. It is published annually on or before October 1 by the Director, Division of Taxation pursuant to N.J.S.A. 54:1-35.1. The resulting amount is the equalized assessed value. Since assessed value, which is the value on the tax roles, does not change very often, the calculation is needed to approximate the current fair market value of the property.

Equalized assessed value means the assessed value multiplied by the state equalization factor; this gives the value of the property upon which the tax rate is calculated. Due to tax collection procedures, the EAV is for the year prior to the beginning of the fiscal year.

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). The following residential fees shall be determined annually by resolution of the Township Committee, in accordance with N.J.A.C. 5:97-8.3, limited to the following: