Sentences with phrase «tax assessment purposes»

D.C. has a generous Homestead Exemption that, depending on your income, lets you deduct money from your property value for property tax assessment purposes.

The New York Supreme Court, Appellate Division, held that where restrictions on the use and sale of property are of a personal nature to the owner, they are not considered to diminish the value of the property for tax assessment purposes.

In fact many of the counties where I obtained the sales information have even classified sales during these years as «not typical of market conditions» for tax assessment purposes.

A use restriction under a lease can be considered in determining the value of land for tax assessment purposes — the plain wording of the relevant provisions, read in light of their purpose and context, grants discretion to consider the use restriction in establishing value.

Not exact matches

IFS analysis of HMRC self - assessment data shows 1 in 3 returns under - report tax owed either in error or on purpose rising to 2 in 3 self - employed

An unfavorable audit will likely result in some portion of the distributions being reclassified as earned income for federal income tax purposes, which results in a deficiency assessment (i.e., a tax bill), interest on those unpaid taxes, and IRS penalties.

Administrative law — Judicial review — Municipal law — Taxation — Real property tax — Payments made by Federal Crown in lieu of real property tax — Assessed value of Halifax Citadel — Whether the Federal Court of Appeal erred in holding that the Minister is unconstrained by the assessed value of the property determined by the assessment authority in determining the property value of a federal property for purposes of the PILT Act — Whether the Federal Court of Appeal erred in holding that the Minister acted reasonably in determining the property value of the Halifax Citadel lands (adopting the determination of the Dispute Advisory Panel appointed under the Act), and in particular in valuing the portion of the lands upon which are located improvements which are exempt from payments in lieu of taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M Taxes Act, R.S.C. 1985, c. M - 13.

The Court of Appeal's recent decision in Victory Motors provides important clarification to not only the assessment of contaminated properties for property tax purposes, but also to the consideration of objective value versus subjective value in assessment more broadly.

The intimation under this Section is sent for reassessment purposes if the income tax officer thinks that a particular income escaped assessment.

Searched public and private records and indices and compiled a list of legal instruments pertaining to property titles such as mortgages, deeds, and assessments for insurance, real estate, or tax purposes.

There are many purposes for an appraisal some of these are: sale or list price decisions, estate planning, tax or divorce settlement, tax assessment, refinance and mortgage lending purposes.

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