Current Value Assessment definition

Current Value Assessment means the current value assessment of land, determined under the provisions of the Assessment Act, for a given year;

Current Value Assessment means the current value assessment of the Property as shown on the last returned assessment roll at the time of submitting the Expression of Interest to the City;

Current Value Assessment. (CVA) means the current value of a property, as determined by MPAC.

Examples of Current Value Assessment in a sentence

• As directed by Ontario Regulation 670/00, the levy will be apportioned to member municipalities using a Modified Current Value Assessment calculation.

• The maximum eligible funding amount for a property (inclusive of the cost of borrowing and an administrative charge) would be limited to the lesser of 10 percent of the Current Value Assessment of the property to a maximum of $125,000 per property.

• The maximum eligible funding amount for a property (inclusive of the cost of borrowing and an administrative charge) would be limited to the lesser of 10 percent of the Current Value Assessment of the property or $2,500,000 per building.

• The maximum eligible funding amount for a property (inclusive of the cost of borrowing and an administrative charge) would be limited to the lesser of 25% percent of the Current Value Assessment of the property or $5,000,000 per building.

• Only costs associated with improvements of up to the lesser of 10 percent of the Current Value Assessment of the property or $75,000 are eligible for the Program.

• Only the costs associated with retrofits of up to 5 percent of the Current Value Assessment of the property are eligible for the Program.

• Only the costs associated with retrofits of up to 10 percent of the Current Value Assessment of the property or to a maximum of $70,000 are eligible for the Program.

• The maximum eligible funding amount for a property (inclusive of the cost of borrowing and an administrative charge) would be limited to the lesser of 10 percent of the Current Value Assessment of the property or $2,000,000 per building.

• Only costs associated with improvements of up to the lesser of 10 percent of the Current Value Assessment of the property to a maximum of $125,000 are eligible for the Program.

• Since the introduction of Current Value Assessment (“CVA”) taxation in 1998, provincial legislation mandates a limit to assessment-related tax increases for the commercial, industrial and multi-residential classes.

More Definitions of Current Value Assessment

Current Value Assessment or “CVA” means the non-phase adjusted value assigned to a property, or portion of property by the Municipal Property Assessment Corporation (MPAC) as shown on the official assessment roll returned for a taxation year;

Current Value Assessment means the current value assessment of land, determined under the provisions of the

Current Value Assessment means the current value assessment of the Property as shown on the last returned assessment roll at the time of submitting the Pre-Application to the City;

Current Value Assessment means the assessed value of a property determined by the Municipal Property Assessment Corporation (MPAC) pursuant to section 19 of the Assessment Act;

Current Value Assessment or “CVA” means the current value of a Residential Unit as determined by the Municipal Property Assessment Corporation as of the Billing Date;