Assessed value definition

Assessed value means 1 of the following:

Assessed value means the taxable value as determined under section 27a of the general property tax act, 1893 PA 206, MCL 211.27a.

Assessed value means the valuation of taxable real property

Examples of Assessed value in a sentence

• Assessed value for each year is determined as of January 1 of that year.

• Assessed value is used by these municipalities to determine tax levy mill rates and to apportion levies among individual property owners.

• Assessed value appearing on the assessment roll:Land $ Total $ 7.

• Property improvements and infrastructure are at least 25 years old and one or more of the following conditions exist: ● Thirty percent or more of a building located on the property is available for occupancy and has been vacated or unoccupied for at least 12 months; ● Assessed value of improvements on the property has decreased by 25 percent or more; ● The property is used as a parking lot; ● Improvements on the property no longer exist.

• Assessed value is calculated at 100% of market value as defined by Article XIIIA and may be increased by no more than 2% per year unless the property is sold or transferred.

More Definitions of Assessed value

Assessed value means the amount of the most current property tax assessment.

Assessed value means the valuation of taxable real property as placed on the last completed assessment roll.

Assessed value means the value of land or improvements, or both, as if the land or improvements were held in fee simple off the reserve, as determined under this By-law;

Assessed value means the market value-in-use of a property, used for property tax assessment purposes as determined by the St. Xxxxxx County Assessor.

Assessed value means the value of the eligible property on the most current property tax assessment at the time that the relevant application or agreement is submitted or the agreement is signed, as applicable.

Assessed value means the value for general tax purposes as shown on the tax roll for the year next preceding the filing of any petition for annexation.

Assessed value means, for the purposes of assessment of property for taxation, the amount determined by multiplying the appraised value by the applicable assessment ratio, but, for the purposes of determining the debt limitation imposed by Article III, Section 52, of the Texas Constitution, shall mean the market value of the property recorded by the chief appraiser.