Equalized assessed value definition

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).

Equalized assessed value means the assessed value as

Equalized assessed value means the property's

Examples of Equalized assessed value in a sentence

• The abatement(s) will be calculated by taking the cumulative Equalized Assessed Value (EAV) of all three (3) parcels after Development less the cumulative EAV of all three (3) parcels as of the date of this Agreement.

• The City will provide to Owner an abatement of the City's real estate taxes attributable to any new improvements added to the Property, over six (6) years, commencing with the real estate taxes for the year 2017, payable in 2018, as follows: 50% of the City’s real estate taxes attributable to the increased Equalized Assessed Value from real estate tax year 2017 to 2018.

• Total Initial Equalized Assessed Value," that amount certified by the County Assessor as the total equalized assessed value of all taxable real property within a Redevelopment Project Area, determined by adding together the most recently ascertained equalized assessed value of each taxable lot, block, tract or parcel of real property within such Redevelopment Project Area immediately after a Redevelopment Project Ordinance approving the such Redevelopment Project Area has been approved by the City Council.

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 of a

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

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: