Meaning of tax value | Babel Free

Definitions

The assessed value of an asset from which the tax owing is computed.

TV, abbreviation, countable, uncountable

Examples

“The crooked floors came in handy at tax assessment time. After seeing an orange roll across the slanting floor, the assessor lowered the building's tax value, according to company lore.”

“Tax records from 1860 show that on the eve of the Civil War the Alamance Cotton Factory employed sixty white women and eight white men, and the business had a tax value of $57,000.”

“The Guatemalans offered United Fruit $627,572 (about $2.99 an acre) in compensation, a figure that came from the company's own tax value assessment for the land.”

CEFR level