Tag: Assessed Value

Posted on 07/03/2024
How to find the assessed value of your home
Knowing the assessed value of a particular property can be a huge help in buying, selling or refinancing. However, with multiple valuation methods and terms available, it can be difficult to distinguish one from the other. Luckily, there are some simple ways to find the assessed value of your home. Here are the basics: What is assessed value?...
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Posted on 12/13/2023
Assessed value: How it differs from appraised value & market value
Finding the value of your home requires knowing the assessed value, appraised value and market value of the property. While these terms all determine how much your home is worth, each is used in different ways. Here is a quick guide to assessed, appraised and market value to help: Assessed value Assessed value is based on a calculation...
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Posted on 04/06/2022
Ad valorem tax, millage rates & more: Key terms to know
Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...
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