Assessment ratio definition

Assessment ratio means the relationship between assessed value and fair cash value for a county or for use categories within a county expressed as a percentage determined in the annual equalization ratio study;
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Assessment ratio means a real property tax assessment ratio, however designated or calculated, that is used under applicable general law to determine the assessable base.
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Assessment ratio means the relationship between assessed
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Examples of Assessment ratio in a sentence

  • For example if the assessed value of all the property subject to property tax in the municipality is$2,700,000 and the equalized value in the municipality is $3,000,000 then the "assessment level" is said to be 90% ($2,700,000/$3,000,000 = .90 or 90%) .Assessment ratio – relationship between the assessed value and the fair market value For example, if the assessment of a parcel which sold for $150,000 (fair market value) was $140,000, the assessment ratio is said to be 93% (140,000 divided by 150,000) .

  • For example if the assessed value of all the property subject to property tax in the municipality is$2,700,000 and the equalized value in the municipality is $3,000,000 then the "assessment level" is said to be 90% ($2,700,000/$3,000,000 = .90 or 90%) .Assessment ratio – relationship between the assessed value and the fair market value .

  • Assessment ratio should be defined in order to attract participation from various intervening bodies such as landowners, real estate companies, notaries, banks, and the involved ministries, especially the Ministry of Land Management, Urban Planning and Construction (MLMUPC) for valuation, and the Ministry of Economy and Finance (MEF) which will be responsible for land/property tax collection.

  • Exhibit XI-A shows the calculation of the Small Business Advocate Assessment ratio.

  • Assessment ratio – The fractional relationship an assessed value bears to the market value of the property in question; the fractional relationship the total of the assessment roll bears to the total market value of all taxable property in a jurisdiction.

  • Table IV-C also summarizes for each Lot Type of Assessed Property within Improvement Area #1: (1) the estimated finished lot to Assessment ratio and (2) the estimated completed home price to Assessment ratio.

  • Assessment ratio is the overall financial performance measurement.

  • Table IV-D also summarizes for each Lot Type of Assessed Property within Improvement Area #1: (1) the estimated finished lot to Assessment ratio and (2) the estimated completed home price to Assessment ratio.


More Definitions of Assessment ratio

Assessment ratio means the ratio of the assessment to an indicator of market value for a property;
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Assessment ratio means that percentage of the appraised value of property adopted for use in taxing property.
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Assessment ratio means the decimal fraction rounded to the nearest ten thousandth obtained when the assessed value of all taxable nonmanufacturing property as taken from the clerk’s statement of assessment filed with the department is divided by
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Assessment ratio means the decimal fraction rounded to the nearest ten thousandth obtained when the assessed value of all taxable nonmanufacturing property as taken from the clerk’s statement of assessment filed with the department is divided by the value of all taxable nonmanufacturing property in the taxation district as determined by the department of revenue prior to adjustments under s. 70.57, Stats.
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Related to Assessment ratio

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Sales assessment ratio studies means sales assessment ratio studies

  • assessment period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.

  • Floor Area Ratio means the sum of the area of all floors of

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarters ending on such date to (b) Consolidated Interest Charges for such period.