Definition of Differential assessment

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TeachMeFinance.com - explain Differential assessment



Differential assessment

The term 'Differential assessment ' as it applies to the area of agriculture can be defined as ' Basing the valuation of farmland for property tax purposes on its use for farming rather than on its 'highest and best' use, such as potential development. Types of differential assessment include preferential assessment, deferred taxation, and restrictive agreement'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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