Sentences with phrase «assessment ratio»

The loan - to - value ratio (LTV ratio) is a lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage.

Because millage rates apply to assessed value, which varies depending on assessment ratio and the local exemptions offered, it can be difficult to compare millage rates between two locations.

Once market value is determined the Georgia assessment ratio is applied.

A small number of cities in Georgia use assessment ratios other than 40 %, including Decatur where the ratio used is 50 %.

TABOR requires that the state and all school districts obtain advance voter approval for any new tax, tax rate increase, mill levy above that for the prior year, valuation for assessment ratio increase for a property class, extension of an expiring tax, or tax policy change directly causing a net tax revenue gain.

Because of the discrepancy between actual market value and an assessment that may have been made years ago, tax areas are assigned residential assessment ratios (RAR).

The loan - to - value ratio (LTV Ratio) is a lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage.

Because millage rates apply to assessed value, which varies depending on assessment ratio and the local exemptions offered, it can be difficult to compare millage rates between two locations.

The assessment ratio for class one property is 6 %.

The city has an assessment ratio of 43.94 %, which means that assessed values are about 44 % of actual values.

The loan - to - value ratio (LTV ratio) is a lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage.

Adjustments could include an assessment ratio if the property is to be taxed at a value other than full fair market value, either a full or partial exemption, or at a value established under a stabilization agreement.

The city has an assessment ratio of 43.94 %, which means that assessed values are about 44 % of actual values.

The assessment ratio for class one property is 6 %.

Nearly every county and city in Georgia use an assessment ratio of 40 %.

The percentage, called an assessment ratio, depends on the type of property.

The purpose of this reappraisal is to determine the full market value, to which the assessment ratio is applied.

The assessment ratio is the ratio of the home value as determined by an official appraisal and the value as determined by the market.

First up, «assessment ratio.»

For owner - occupied, primary residences the assessment ratio is 4 %.

Applying the assessment ratio of 4 % to that $ 115,000, your assessed value would be $ 4,600.

If the market value of your home is $ 250,000 and the assessed value is $ 200,000, the assessment ratio is 80 % (200,000 / 250,000).

The market value of your home multiplied by the assessment ratio in your area equals the assessed value of your property for tax purposes.