Of a property, the ratio between its market value and its assessed value.
the assessment percentage applied to the taxable fair cash value of the property. Real property's assessment ratio is 12% and personal property is 12% of taxable fair cash value. (S.Q. 675 provides that the assessment ratio will not increase unless approved by a majority of the voters.)
The ratio of assessment value to market value. The assessment ratio is also called the uniform percentage of value and the assessment rate. The assessment ratio for Class 1 is 6 percent and for the other tax classes, the assessment ratio is 45 percent.
The relationship of a propertyâ€(tm)s assessed value to itâ€(tm)s fair market value; also, the reduction of a propertyâ€(tm)s fair market value by a percentage to arrive at the assessed value.
The ratio of assessed value to full market value as set by a taxing authority.
the assessment percentage applied to the market value of the property. Real property's assessment ratio is 11% and personal property is 14% of market value. (S.Q. 675 provides that the assessment ratio for REAL Property will not increase unless approved by a majority of the voters.)
The relationship between the assessed value and equalized value of all taxable property within a municipality. For example, if the assessed value of all the taxable property in the City is $750,000,000 and the equalized value is $800,000,000 the assessment level (ratio) would be 93.75%. Assessment Ratio = Assessed Value Equalized Value
Assessed value as compared to full market value for a particular property or for all properties as set by the municipality.
The comparative relationship of a property's assessed value to its market value.
Usually the percentage applied to actual cash or market value to arrive at the assessment. May be used in connection with ratio studies to determine the common or actual assessment level and the actual ratio may or may not be applied to the market value.
The relationship between assessed value and market value.
The ratio of assessed property value to equalized property value. Assessed property values are not comparable due to differences in local assessment practices.