Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately

Assessment Rolls

Synonyms:summary, taxable real estate
Filed Under: mortgages, real-estate, taxation
Tags: mortgage, realty, taxes

Definition of assessment rolls

assessment rolls
1. Assessment rolls are catalogued lists of taxable properties that are made available to the public. These records include an estimate of market value of your property within a municipality for the purposes of determining your portion when paying property tax

Related Terms and Acronyms:

  • assessed value (AV, ast)   A municipal or provincial government's determination of a property's worth for tax purposes.
  • assessments   Special and local taxes imposed upon property which benefits from an improvement that has been made in the vicinity.
  • property tax   A levy by a city on real estate and personal property whose amount varies depending on the property's value.

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