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Item N No. HRM Grrants Comm mittee June 7, 2012TO:Chair and Members HRM H Grants CommitteeSUBMIT TTED BY:___ ___ ___ Greg Keeffe, A/Directo or of Financee & Informaation Technoology___ ___ ___ Peter

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What is less than market value?

Less than market value refers to an asset or property being valued at a price lower than the current market rate.

Who is required to file less than market value?

Individuals or entities owning property that is assessed at less than its market value may be required to file for this designation.

How to fill out less than market value?

To fill out less than market value, you typically need to obtain the appropriate forms from your local assessment office and provide necessary information regarding the property and its valuation.

What is the purpose of less than market value?

The purpose of less than market value is to ensure fair taxation by allowing property owners to report properties that are assessed below their true market value.

What information must be reported on less than market value?

Information that must be reported includes property details, current assessed value, and justification for the lower value.

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