Question

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

Answer 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.

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.