Jun 13 , 2016

Tampa School of Real Estate

Taxable Value

Definition:   the assessed value less allowable exemptions resulting in an amount to which the tax rate is applied to determine property taxes due

Pronunciation:    \ˈtak-sə-bəl\ \ˈval-(ˌ)yü\

Used in a Sentence:    The taxable value of a property is not known until existing exemptions are subtracted from the assessed value.