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What is the Annual Taxable Value (ATV) for residential and commercial properties?

April 26, 2017annual ATV Commercial properties Residential taxable value

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What is the Annual Taxable Value (ATV) for residential and commercial properties?

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A. ATV= 90% x ARV. The Annual Taxable Value is 90% of the Annual Rental Value. This 10% reduction is applied to all cases to cover periods when the property may not be rented or when the landlord does not collect rent (voids and loss of rent). The ATV is the value used to calculate the property tax.