answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the purpose of assessed value for property tax?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

John pays 650 in property tax What is the assessed value of his property if property taxes are 1.2 percent of assessed value?

650


What is the major difference between property tax and profit tax?

Property taxes are assessed based on the value of the property in question. This is also referred as ad valorem tax. The owner of the property does not sell or transfer the property in question and the tax is usually assessed every year. Profit tax is a tax assessed based on the transfer of property or a commodity.


Carl owns property with an assessed value of 72450 If the tax rate is 6.82 percent of the assessed value how much tax does Carl owe?

$4,941.09


What is the total amount of tax due on a property with an assessed value of 315.200 when the property tax rate is 53.7 mills?

$16,926.24


Difference planning property tax and other forms of tax?

Property tax is rather dictated and unable to be controlled as it is on the assessed value of the property...which is out of ones control.


How much are monthly property taxes in Los Angeles California?

Property taxes are simply the property tax rate for the area you live in multiplied by the tax assessed value. The tax assessed value does not always equal the market value, so you need to find out what the tax assessor has your property appraised for. It could be higher or lower than market. If it is higher, then you may be able to appeal to the tax board to get your assessed value lowered. Property tax rates can vary widely by area, so check with your local tax assessor.


What percentage of property tax do you have to give?

The percentage of property tax you have to pay is based on the assessed value of your property and the tax rate set by your local government. The tax rate is typically expressed as a certain percentage of the assessed value of your property. It is important to check with your local tax assessor's office for the specific tax rate in your area.


What is the total amount of tax due on a property with an assessed value of 315200?

$16,926.40


What is the tax on a property with an assessed value of 162500?

There is no one answer to your question. There are different tax rates in different places.


What is Assessed Improvement Value?

The term "assessed improvement value" refers to the value assigned by the County Tax Assessor or Board of Equalization to the building improvements portion of real estate. A property's assessed value is established for taxing purposes and is comprised of land value and improvement value. You can search for the assessed value a specific property using the free website "Assessor and Property Tax Records Resources." On the main page, choose the state and then scroll down to your specific county for the link "Property Search" where you can search for the assessed value of property using the parcel number or owner name.


What is assess value?

The term "assessed improvement value" refers to the value assigned by the County Tax Assessor or Board of Equalization to the building improvements portion of real estate. A property's assessed value is established for taxing purposes and is comprised of land value and improvement value. You can search for the assessed value a specific property using the free website "Assessor and Property Tax Records Resources." On the main page, choose the state and then scroll down to your specific county for the link "Property Search" where you can search for the assessed value of property using the parcel number or owner name.


What is a tax paid from owning real estate called?

This is a property tax, a form of ad valorem tax based on its assessed value.