2015 is a reappraisal year (every odd year) to determine the value of your home for 2015 & 2016 tax purposes. You should have received your tax valuation in the mail from your county assessor’s office this week. Please know that you have the right to protest your real property value or its classification. The … More I Received My Property Tax Valuation…Now What?
Real Estate Term of the Day: Mill & Levy MILL – one tenth of a cent. Used in expressing tax rates on a per-dollar basis (Barron’s Dictionary of Real Estate Terms) LEVY – to legally impose or collect that which is due (Barron’s Dictionary of Real Estate Terms) According to Investopedia, a mill levy is defined as the … More Real Estate Term of the Day: Mill & Levy
Real Estate Term of the Day: Mass Appraising MASS APPRAISING – typically used by tax assessors, an effort to determine salient characteristics of properties in a given submarket, to allow an approximation of value for each. Sophisticated statistical techniques are used frequently in mass appraising (Barron’s Dictionary of Real Estate Terms) Below is a great explanation … More Real Estate Term of the Day: Mass Appraising
LANDLORD LATENT DEFECTS LEAD-BASED PAINT LEASE LEGAL DESCRIPTION LENDER LESSEE LESSOR LIQUIDATED DAMAGES LISTING AGREEMENT LOAN APPLICATION LOAN COMMITMENT LOAN ORIGINATION LOAN PROCESSING LOAN-TO-VALUE (LTV) RATIO “LOCATION, LOCATION, LOCATION” LOCKED-IN INTEREST RATE LOT AND BLOCK NUMBER LOT LINE LOW-BALL OFFER Copyright 2015 – Created by Tagxedo.com