| |
|
| Enter a keyword to search our glossary |
|
|
|
|
|
| |
|
|
|
|
|
Browse:
A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
M |
N |
O |
P |
Q |
R |
S |
T |
U |
V |
W |
X |
Y |
Z
|
|
|
| ADJUSTED TAX BASIS |
|
Related Terminology: ASSESSMENT RATIO
|
|
| the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures. |
|
| Example Collins buys a lot for $100,000. She erects a retail facility for $600,000, then depreciates the improvements for tax purposes at the rate of $15,000 per year. After 3 years her adjusted tax basis is $655,000 [$100,000 + $600,000 – (3 x $15,000)]. |
|
|
| |
| |
|
A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
M |
N |
O |
P |
Q |
R |
S |
T |
U |
V |
W |
X |
Y |
Z
|
|
|
|
|
|
