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Staff have been given a table on which to record assessed needs.
The common practice was to pay 10% more than the assessed value.
In such cases, the tax is based on the assessed value of the home, rather than its size.
But it makes no such specific point about assessed needs.
The tax rate is the percent of the assessed value that must be paid.
The house has an assessed value of $185 million, according to local tax records.
The tax will be based upon the assessed market value of the property in May 2013.
But the department also increased the assessed values of this class by nearly 2 percent.
Why should my assessed value be increased more, relatively, than another person's?
Residents pay taxes on only 55 percent of the assessed value.
"In the process, we doubled the assessed value of the town to more than $1 billion."
So what if services are not, for the time being, adequate to meet the assessed needs?
The city already reduced the assessed value of commercial property by 12 percent this year.
In turn, taxes on commercial buildings are about 10 percent of the assessed value.
Because of the limitation, however, the assessed value can increase by only 6 percent in a given year.
Its activities are supported by assessed budget and programme funds.
They currently own eight properties with an assessed value of $3.2 million.
To get that 25-year benefit, the improvement has to add at least 10 percent to current assessed value.
For those bought after 1978, the assessed value is determined by the selling price.
The assessed value of the property is frozen for 25 years, although the tax rate may increase slightly.
Under state law, an increase in the assessed value of a commercial property cannot be passed on to the taxpayer all at once.
Under Proposition 13, property tax rates are limited to 1 percent of assessed value.
Paying the assessed damages would then become the responsibility of the Government.
Even with the right documentation, you will be charged 100 percent of the assessed value, which is usually much lower than the price paid.
It rated businesses from one to five stars according to their assessed quality.