There is a 100 % assessed value for
the market value of all personal property.
This coverage is available to cover either the replacement cost or the fair
market value of your personal property.
Not exact matches
Union dues Medical, dental, prescription drugs and other health care costs Real estate taxes State and local income taxes Interest paid on a home mortgage
Personal property taxes Cash contributions to churches and charities Interest paid on investments
Market value of non-cash contributions to churches and charities
Personal losses due to theft or casualty Job - related expenses you were not reimbursed for Home office expenses Job - related education and professional development Tax preparation fees Investment fees and expenses
For each
property you own and list on your
personal taxes, enter the type — primary residence, investment
property, undeveloped land, etc. — address, date
of purchase, original cost and the present
market value — on the as -
of date.
The actual cash
value in a homeowners insurance policy is based on the
market value or the initial cost
of your home and
personal property with depreciation considered.
Personal property tax assessments in Tennessee are based on a percentage
of the
property's fair
market value as
of January 1
of each Tax Year.
The family court did not identify all the parties» marital
property, but instead selectively divided certain real and
personal property without determining the fair
market value of all the
property.
The actual cash
value in a homeowners insurance policy is based on the
market value or the initial cost
of your home and
personal property with depreciation considered.
A specific form
of renters insurance
personal property protection that insures for actual replacement cost rather than based on any calculation
of depreciated actual cash
value or
market value.
You should also periodically review the amount
of coverage that you have on your home to ensure that the coverage reflects the current
market value of your
property and the
personal items you own.
PASSIVE ASSET - real or
personal property, both tangible or intangible, that increases or decreases in fair
market value because
of forces like supply and demand, as opposed to active forces, such as performance or conduct.
@Jon Klaus - smart guy... did you find it on the income stmt; — RRB - A
personal commercial loan guarantee, due to the
market collapse and the
property losing 70 %
of it
value as the loan came due.
And if faced with a dogmatic tenant, pass on this advice from Mike Grenby, a columnist
of the same era writing in Money Talk: «If you hope to rent and grow rich, you must have the discipline to invest what you save by renting instead
of buying, spend 15 to 20 hours a week managing your money whether it's in the stock
market, revenue
property or a business, and place more
value on making money than on the
personal benefits
of owning a home.»
Basis
of Property Changed to Rental Use When you change property you held for personal use to rental use (for example, you rent your former home), the basis for depreciation will be the lesser of fair market value or adjusted basis on the date of con
Property Changed to Rental Use When you change
property you held for personal use to rental use (for example, you rent your former home), the basis for depreciation will be the lesser of fair market value or adjusted basis on the date of con
property you held for
personal use to rental use (for example, you rent your former home), the basis for depreciation will be the lesser
of fair
market value or adjusted basis on the date
of conversion.