Sentence examples for assessed taxable value from inspiring English sources

(Mr. Shernicoff explained that a tax abatement is a direct reduction of tax that is due on a property while a tax exemption cuts taxes by reducing the assessed taxable value of the property).

It is not unusual for corporations and other property owners to aggressively petition for lower taxes, and differences between the market value of a business and the assessed taxable value of its real estate are commonplace.

The five-bedroom Florida waterfront mansion that prosecutors seized from Mr. Madoff seems to have lost a big chunk of its value since Palm Beach County officials assessed its taxable value last year at $9.3 million.

Districts in California have unequal assessed values.

When taxes once payable to Rome were transferred to the Crown, Cromwell saw the need to assess the taxable value of the Church's extensive holdings as they stood in 1535.

Taxes are computed by taking a percentage of a property's market value -- called its taxable assessed value -- and multiplying it by the property tax rate.

However, Ms. Stark said, to determine how much of the tax burden a particular owner will bear, it is first necessary to determine the taxable assessed value of each piece of property.

By law, local property taxes are calculated by applying a tax rate -- which is different for each class of properties -- to the taxable assessed value of a particular piece of property.

So, for example, a tax rate of "$12 per hundred," applied to a property with a taxable assessed value of $100,000, would result in an annual tax bill of $12,000.

First established in the 1930's, the cap prohibits the city from borrowing more than 10percentt of the assessed value of taxable city real estate, averaged over the previous five years.

That rate, she said, is 0.14160, or $14.16 per hundred dollars of taxable assessed valuation.