taxable value
Amount subject taxation
Taxable value is the assessed worth of property or assets used to calculate taxes owed.
For real estate, this figure is often a percentage of market value, varying by jurisdiction: The county set the taxable value at 80% of the home's appraised worth.
The term appears most often in property tax contexts, where taxable value multiplied by the tax rate determines the bill.
- taxable incomeEarnings subject to taxation
- landEarth's solid surface
- real propertyLand plus permanent attachments
- billAmount owed, written
- property taxLevy on owned land
tax bill · abatement · tax lien · local government · rollback · appeal process · tax base · tax rate · real estate appraisal · appraisal · equalization · tax assessor · assessment · depreciation · adjusted gross income · price · municipal · bracket
- property taxproperty tax, real estate tax, property tax bill, tax bill, property tax law
taxable valuegross income
Earnings before any deductions
fair market value · market value · assessed value · book value · deductions