The taxable value of the property in the tax area is usually referred to as a). assessed b). property

The taxable value of the property in the tax area is usually referred to as a). assessed b). property c). taxable

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  1. The correct answer is : Option: a

    The taxable value of the property in the tax area is usually referred to as the Assessed value.

    Step-by-step explanation:

    Assessment--

    Assessment is the procedure used by the government assessors to determine the value of a property, or the income of a person or entity, in order to charge taxes or to levy on the orders of a court.

    Hence, the assessed value is the value what the country uses to determine the amount of property tax you pay.

    Hence, option a is the correct answer.

  2. The answer would be assessed value. This is the dollar worth allocated to a property to measure or compute for appropriate taxes. Assessed valuation controls the value of a home for tax resolutions and takes similar home sales and checks into deliberation.

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