Property tax assessment definition

Property tax assessment means a valuation or determination of property value for annual property tax purposes arrived at by multiplying the fair market value or special use value of the property by the appropriate assessment ratio for the taxable property’s classification.”
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Examples of Property tax assessment in a sentence

  • Initial TIF Receipts are those receipts generated from the Property tax assessment in the year in which a Request is submitted.

  • Property tax assessment board of appeals" is means the county property tax assessment board of appeals established under IC 6-1.1-28-1.

  • Documents to be submitteda) Trade Licenseb) Registration under shops & Establishment Actc) Feedback from clientsd) List of vehicles with details viz.

  • Property tax assessment rolls for the 200 acres in Lot 26 of Concession 4 were transcribed, beginning with the 1853 roll and continuing to the 1876 roll (the 1854 and 1864 rolls are missing from the collection at the City of Toronto Archives).

  • Property tax assessment for transient accommodation rentals.(a) When any portion of a dwelling is rented, leased or used as a homestay for less than one hundred eighty days at a time during the assessment year, the entire property will be ineligible for the real property homeowner tax classification pursuant to section 19-53.

  • Challenge #2 (Related to #1): Property tax assessment methods are determining the character of coastal communities even when comprehensive planning and zoning efforts are made to protect it.

  • The "Property tax assessment board of appeals" or "PTABOA" means the board authorized by IC 6- 1.1-28-1.

  • Property tax assessment policies are another example of local government actions that can greatly impact the viability of affordable housing developments.

  • Conflicts of Interest and Disqualification Property tax assessment appeal hearings are quasi-judicial in nature, and so the prohibitions found in law on conflicts of interest while acting in a judicial capacity apply.

  • Property tax assessment board of appeals” means is the county property tax assessment board of appeals established under IC 6-1.1-28-1.

Related to Property tax assessment

  • Real Property Tax As used herein, the term "real property tax" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed on the Premises by any authority having the direct or indirect power to tax, including any city, state or federal government, or any school, agricultural, sanitary, fire, street, drainage or other improvement district thereof, as against any legal or equitable interest of Lessor in the Premises or in the real property of which the Premises are a part, as against Lessor's right to rent or other income therefrom, and as against Lessor's business of leasing the Premises. The term "real property tax" shall also include any tax, fee, levy, assessment or charge (i) in substitution of, partially or totally, any tax, fee, levy, assessment or charge hereinabove included within the definition of "real property tax," or (ii) the nature of which was hereinbefore included within the definition of "real property tax," or (iii) which is imposed for a service or right not charged prior to June 1, 1978, or, if previously charged, has been increased since June 1, 1978, or (iv) which is imposed as a result of a transfer, either partial or total, of Lessor's interest in the Premises or which is added to a tax or charge hereinbefore included within the definition of real property tax by reason of such transfer, or (v) which is imposed by reason of this transaction, any modifications or changes hereto, or any transfers hereof.

  • Property tax increment means the amount obtained by:

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Assessment means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgement assessment;

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.