Assessed Value

Polish translation: wartość oszacowana

English term or phrase:Assessed Value
Polish translation:wartość oszacowana
Entered by: Marquis

22:47 Mar 3, 2018
English to Polish translations [PRO]
Bus/Financial - Law: Taxation & Customs / podatki od nieruchomości
English term or phrase: Assessed Value
A property’s assessed value is a percentage of its market value.
By law, the assessed value of a class 1 property cannot increase by more than 6% per year or 20% over five years, unless the value increases are due to new construction or renovations.
In addition, your assessed value cannot exceed 6% of your home’s market value.
wartość oszacowana
imho :-)
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Local time: 02:55
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4 +1wartość oszacowana
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Assessed Value

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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
assessed value
wartość oszacowana

imho :-)

United States
Local time: 02:55
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 4
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Peer comments on this answer (and responses from the answerer)
agree  Roman Kozierkiewicz: Dictionary of Accounting, Audit and Tax Terms, 3 wyd. str. 18
23 hrs
  -> Thank you!
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Reference comments

51 mins
Reference: Assessed Value

Reference information:
What is 'Assessed Value'

An assessed value is the dollar value assigned to a property to measure applicable taxes. Assessed valuation determines the value of a residence for tax purposes and takes comparable home sales and inspections into consideration. It is the price placed on a home by the corresponding government municipality to calculate property taxes.

In general, the assessed value tends to be lower than the appraisal fair market value of property.

BREAKING DOWN 'Assessed Value'

The assessed value of real estate or personal property is only used for measuring the applicable property tax, also known as an ad valorem tax. A government assessor is responsible for assigning the assessed value. Government assessors are usually designated by specified tax districts. Each tax region has different procedures for calculating assessed value however the basic standards are primarily the same.

Real Market Value Vs. Assessed Value

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Native speaker of: Native in PolishPolish
PRO pts in category: 107
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Asker: Dziękuję!

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