Sentences with phrase «market value of the property»

The fair market value of the property on the date of acquisition (whether inheritance or other means) becomes your adjusted cost base.

The appraisal districts are responsible for determining the current market value of all property within the county, on which tax payments are based.

Unless you hit an actual bad market the value of the property should have risen by then.

Keep in mind that this is an approximate market value of the property in a finished condition without the need for repairs.

To give a mortgage private lenders must learn the true market value of a property and its debts.

The objective of the appraisal is to determine the full market value of the property — the price a seller would receive for it on the market.

The appraisal will give the present market value of the property and the second mortgage will be based on the appraisal.

If the fair market value of property received in exchange for virtual currency exceeds the taxpayer's adjusted basis of the virtual currency, the taxpayer has a taxable gain.

The same laws that allow you to reduce the secured portion of your mortgage down to the fair market value of your property also apply to other loans.

The amount of your theft loss is generally the adjusted basis of your property because the fair market value of your property immediately after the theft is considered to be zero.

When, as is the case here, the property is completely destroyed, damages are set at the fair market value of the property prior to impairment.

We work diligently with your or our local agent and property owner to determine the realistic market value of the property and set the reserve price based on that research.

This happens when the balance of the mortgage is greater than the local market value of the property.

Just compensation is usually calculated on the basis of the current market value of the property.

Unless you struck a real bad market the value of the property should have risen by then.

Their techniques are notoriously poor in determining the true market value of property.

In addition to receiving an income tax charitable deduction for the full market value of the property, the donor escapes any potential tax on the capital gain element in the gift property.

The taxpayer has a loss if the fair market value of the property received is less than the adjusted basis of the virtual currency.

Real estate appraisers work with their clients to determine an opinion of market value of a property to finance or refinance their clients» mortgage.

Under the new rules, real estate companies have to account for the current market value of their properties as income, even if they only realize profits when the property is sold (and that doesn't happen very often).

By gifting the cottage now, you're able to pay the current tax burden — the tax on capital gains that have accrued from when you first purchased the cottage to the fair market value of the property when you gave it to your child.

The reasonable value is not necessarily the asking price, but rather the estimated market value of the property based on the work of a licensed, FHA - approved appraiser.

You personally do not incur any tax hit since that is tax exempt (inheritances, gifts etc) but if the value of those properties combined is more than 100K CRA requires you to fill that form since you now have a value of more than 100K outside Canada and on it you list the real market value of those properties at the time of inheritance.

People ran up debts to buy better homes, and then borrowed against the rising market value of their property to pay off the credit - card debt that was financing much of their rising consumption.

The after repair market value of the property (what it's worth and can sell for today once it's fixed up)

Certificate of Reasonable Value: This certifies the fair market value of the property once the home is appraised.

The footnote also supported that Reading still aimed to sell much of the parcel and that, «based on recent valuations», Reading believes «the fair market value of the property less costs to sell is greater than the current carrying value» of $ 55.9 million (AUS$ 52.1 million.)

Gifts of Real Estate will give you a tax deduction based on the fair market value of the property with no capital gains liability.

It was also «difficult» for the Court to «imagine» the Respondent would agree to assume the mortgages in question (their face value was $ 1.95 million, more than five times the suggested market value of the property).

Career Objective: A property valuer position in a real estate company, bank or a financial firm to apply my mathematical and analytical skills in finding accurate market value of properties.

We show you what amount the property will command in rent (and why) as well as what the current market value of the property so you won't overpay for the property.

a fair market value of property performed by a licensed appraiser; takes into account not only condition, but also the value of similar local properties or comparable sales.

The FHA will not insure or guaranty a loan amount for more than the reasonable market value of the property (with approved extra costs such as energy - efficient upgrades and other items approved by the FHA to be included in the FHA loan amount).

When the investor passes away his or her heirs will receive a step - up in cost basis equal to the fair market value of the property as of the date of his or her death, or the heirs can elect an alternate valuation date six months after the date of his or her death.

Unless you strike a genuine bad market the value of the property should have risen by then.

When you transfer real estate to your donor advised fund, you avoid capital gains taxes and qualify for a federal income tax deduction based on the fair market value of the property when you itemize on your taxes.

Self - storage companies are trading at a 2 % discount to the estimated market value of the properties they own, compared with an average 16 % premium over the past five years, according to Green Street Advisors.

And who exactly benefits from having this information, that is already available through plenty of other sources — and what bearing does this information have on current market value of that property in NS owned by people who want to move here?

Is it $ 900K minus $ 600K, minus the cost of disposition; or $ 900K minus whatever the deemed fair market value of the property at the time when I moved out in 2013, minus the cost of disposition?

We then multiply this percentage times the Fair Market Value of the property in repaired and improved condition (based on comparable surrounding properties).

Appraisers provide an independent unbiased estimate of the present market value of a property.

I've estimated the full market value of the property to be around $ 80,000, conservatively.

Appraisal: The fair market value of a property based on a professional evaluation of real estate trends in the area and amenities of the home.

Underwater mortgages are loans that are higher than the actual market value of the property they are financing, and Chicago has the highest percentage of them among major metropolitan areas in the U.S..

Property taxes must be based on the market value of a property.

A private appraiser is hired to determine the fair market value of the property.