The process by which a legal valuation is placed on taxable property is called:
A) An appropriation.
B) A property tax levy.
C) Property assessment.
D) Ad valorem determination.

Question

Quizplus · Accepted Answer

Property assessment is the process of determining the value of property for taxation purposes. It involves evaluating the market value of a property, taking into account various factors such as location, size, and condition. This valuation is used to calculate property taxes.

The Process by Which a Legal Valuation Is Placed on Taxable