Assessed Value

Assessment Ratio
The Assessment Ratio is the ratio of the assessed value of a property to its market value, often used to determine property taxes. It is a vital aspect in the evaluation of real estate for taxation purposes.
Tax Roll
A tax roll is a detailed listing and description of all taxable property within a tax district, including assessed values and amounts.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.