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.
Answer: c. Property assessment.
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.
Answer: c. Property assessment.