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What is Assessed Value?
Assessed value is used to determine the property taxes due on real estate.
Assessed value is normally lower than the appraised value of a residential property, because it is not looking as much at the value of the home, but rather the value of the property, for property tax assessment.
While the assessed value does have to do with the market value of real estate, most calculations only use average home prices the area, found in local real estate listings, as part of the valuation. The “ask” prices are going to be higher than the prices at which they’ll sell.
It is a value given by a government assessor to each property in an area, and most areas will have similar rates per square foot or acre. Assessed value can be an important factor in the rating of municipal bond issues, since the ability of a city to generate revenue based on property taxes will depend on the assessed value of the properties.
What's Important to Know About Real Estate Investments?
Should I sell my house without a real estate broker?
What is bottom-up investing?
Bottom-up investing is the practice of looking for solid companies and investing in them as opposed to investing in...
What is Stagflation?
Stagflation is the occurrence of both stagnation, which is slowing growth and production levels, and inflation
What is the Federal Savings and Loan Insurance Corporation (FSLIC)?
Created about the same time as the FDIC, the FSLIC, insured up to $100,000 in deposits at savings and loan institutions
What is foreign aid?
Foreign aid constitutes one of the major forms of asset transfer between different parts of the world
What is the foreign earned income exclusion?
Americans working abroad often enjoy a few tax advantages. One of which is the Foreign Earned Income Exclusion
What is a Hostile Takeover?
A hostile takeover is an acquisition in which the controlling interest of shares has come under the direction of another
How do I Invest in commodities?
One simple way is to purchase the stock of companies that produce commodities. The primary commodity exchange is the CME
What is an Operating Expense?
Operating expenses are the costs a company incurs as a part of everyday business operations
What is technical analysis in trading?
Technical analysis is a method of evaluating the worth and probable future direction of security prices using charts...
What is the Broadening Wedge Descending (Bullish) Pattern?
The Broadening Wedge Descending pattern forms when a currency pair price makes lower lows and lower highs, forming a downtrend