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Which term defined as the process of determining the value of a property to be taxed?

ASSESSMENT :)


The process of determining the value of a property to be taxed is known as?

Assessment![:


What term refers to the process of determining the values of a property to be taxed?

assessment


Which of these is the best description of an assessment?

It is the process used to determine the value of property to be taxed.


Which of these is the best drescription of an assessement?

An assessment refers to the process used to ascertain the value of property to be taxed.


What does the abbreviation tr mean on property tax?

The abbreviation "TR" on property tax statements typically stands for "Tax Rate." It indicates the rate at which property is taxed based on its assessed value. This rate is crucial for determining the total amount of property tax owed by the property owner.


What property cannot be taxed?

Most schools, parks, and churches are unable to be taxed.


Process of taxation here in the Philippines?

The process of taxation in the Philippines involves collecting taxes on the sale of products, income, and property. Each time it passes through a person or company's possession it is again taxed.


What are the 3 taxation strategies?

Capitation, property and taxed activities.


WHAT WILL I BE TaxeD on funds from sell of property?

if you re-invest in another property within 2 years, there is no tax.


What is the actual method by which a district imposes taxed?

A district imposes taxes primarily through a formal process that includes assessing property values, determining tax rates, and establishing a budget. The local government typically conducts property assessments to determine the value of real estate within the district. Based on these assessments, the district sets a tax rate, which is then applied to the assessed values to calculate the total tax owed by property owners. This process often involves public hearings and approvals by the district's governing body before the taxes are officially levied.


Is income indirectly taxed?

In the US, income is taxed directly as an income tax. It is, however, also taxed indirectly in the form of sales taxes and personal property taxes; a person who has more income is likely to also spend more money buying things (and therefore pay more sales tax) and own more and higher value personal property (and therefore pay more personal property tax).