Current use value means the assessed valuation per acre of open space land based upon the income- producing capability of the land in its current use solely for growing forest or agricultural crops, and not its real estate market value. This valuation shall be determined by the assessor in accordance with the range of current use values established by the board and in accordance with the class, type, grade and location of land.
Current use value means the taxable value of a parcel of land placed on the assessment rolls following its classification or reclassification under chapter 84.34 RCW.
Current use value means the taxable value of a par- cel of land placed on the assessment rolls following its classi- fication or reclassification under chapter 84.34 RCW.
Examples of Current use value in a sentence
Current use value derives from theutility gained by an individual from the consumption of a good or service, or from the consumption of others (e.g. parents may obtain utility from their children's consumption).
The use value includes the following: 1) Current use value, which is gained from the present use; 2) Expected use value, which is related to the use value in near future; 3) Probable use value, which is employed for use value in far future.
Current use value is composed of direct use value (commercial and recreational) and indirect use value (such as amenity value or general ecosystem support).
More Definitions of Current use value
Current use value means the net present value, as at the date of valuation, of cash inflows and outflows, or other benefits and costs that the subject property generates for the specific owner in perpetuity or, in the case of a lease, to lease expiry, under lawful use, and without regard to its highest and best use, or the monetary amount that might be realised upon its sale;
Current use value means the value of property assessed in accordance with RSA 79-A.
Current use value. , in relation to land, means the amount which would be the open market value of the land if the open market value were calculated on the assumption that it was and would remain unlawful to carry out any development in relation to the land other than exempted development;
Current use value. ' means the assessed valuation per acre of open space land based upon the income producing capability of the land in its current use solely for growing forest or agricultural crops, and not its real estate market value. This valuation shall be
Current use value. , in relation to land, means the amount which would be the open market value of the land if the open market value were
Current use value means the net present value, as at the date of valuation, of cash inflows or other benefits that the subject property generates for the specific owner under lawful use, and without regard to its highest and best use or the monetary amount that might be realised upon its sale;
Current use value. , in relation to land, means the amount which