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LSDefine

Simple English definitions for legal terms

assessment ratio

Read a random definition: quamdiu bene se gesserint

A quick definition of assessment ratio:

Assessment Ratio: The assessment ratio is a number used to determine how much a property is worth for tax purposes. It is the ratio of the assessed value of a property to its fair market value. The assessed value is the value assigned to a property by the government for tax purposes, while the fair market value is the price that a property would sell for on the open market. The assessment ratio is used to calculate property taxes, with higher ratios resulting in higher taxes.

A more thorough explanation:

An assessment ratio is a term used in property taxation to refer to the ratio of the assessed value of a property to its fair market value. The assessed value is the value assigned to a property by the local government for tax purposes, while the fair market value is the estimated value of the property if it were to be sold in an open market.

For example, if a property has an assessed value of $100,000 and a fair market value of $200,000, the assessment ratio would be 50% ($100,000/$200,000).

The assessment ratio is used to determine the amount of property tax that a property owner is required to pay. In some states, the assessment ratio is fixed by law, while in others it may vary depending on the type of property or its location.

Assessment ratios are important because they ensure that property owners are paying their fair share of taxes based on the value of their property. They also help to prevent overtaxation or undervaluation of properties.

assessment fund | assessment roll

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@RasheedWallaceFan: I'm a lit para of a decade, I'd be happy to proof.
10:35
i dont wanna do the lsat
10:35
its so boring
10:35
they should change it to making you write an essay on some foreign film
10:36
like la haine or the apu trilogy or some shit
10:36
that would be more interesting
NosyBeagle
10:38
@NemoPropheta: LSAT haters unite. This test sucks butt
10:43
I got 2 weeks left of this shit and I have 0 motivation
10:55
@RasheedWallaceFan: yeah for some reason SMU isnt listed on any of the rankings lists. Been that way all year
@NemoPropheta: you only got another 40+ years of it!
@PremiumFrequentCrane Is right.
You'll forever have those days where shit ain't getting done. Just a matter of how you handle them. (IE using Chatgpt to draft a motion for leave like meeeee)
NosyBeagle
13:52
look at my lawyer dawg... im going to jail
Nah, I don't use it to do my case law. Just the actual motion drafting.
For example, I was trying to get the right language in a Motion for Sanctions (tl;dr slip and fall case, defense counsel played nothing but games – IE never sending records despite it being mandatory to trcp, producing never before seen records DURING A DEPO) and just talked to ChatGPT about his behavior to provide background to help with the drafting for the procedural paragraph.
@NosyBeagle: just makes me think of vanillamace
@TiredOfThisGrandpa: I dont have LSD+ so cant dm but will def hit you up when I have them done! Also is ur username a reference to holes? lol
Can i get accommodations for mid test 2 hour nap
I mean, i have sadhd
15:34
you could get accommodations for the schizoaffective disorder you clearly have
NosyBeagle
15:53
a two hour nap in between sections would be great for me
ronniedoeslaw
15:58
LSAT isn’t horrible you just have to lock in really hard for 2 hours and expect to be exhausted the rest of the day mentally
16:30
ugh i hit this lady w my car
16:31
well i hit her car and the cops said there's no damage but she says there is should i call my insurance what u think lawyers
real quick question. How much do early applications matter? I have super strong softs and an ok LSAT score of 160. GPA wasn't great at 3.33. I applied in late march and I have been rejected everywhere so far
16:58
late march is way too late
16:58
early doesn’t matter but before thanksgiving matters
ronniedoeslaw
16:59
Have you used the LSAC search for schools link? It helps a lot letting you know the probability of acceptance.
I mean early early might be overblown but dont apply if you are applying in march
does anyone know how many questions they typically ask for the UT recorded interview
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