👉 The assessed value of an asset from which the tax owing is computed.
Alright class, settle down and let’s take a look, At this word ‘TVS’, it’s quite a book! The dictionary tells us, clear and bright, "The assessed value, shining like light." Now, “assessed” means we're figuring out, How much something’s worth, without a doubt. Like your favorite toy, or a shiny new car, We need to know its value, near and far! “TVS,” in this context, you see, Refers to property – for you and me! It's the amount they figure it’s worth, To calculate taxes, right here on Earth. Think of it like this, a simple plea: The value of your house, for all to decree! Does that make sense? Any questions arise? Let’s discuss it further, with thoughtful eyes!
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