Sentences with phrase «property tax purposes»

But other appraisals are used to determine insurance value, replacement value, and assessed value for property tax purposes.

In assessing the value of real estate for property tax purposes, there are 3 standard approaches that are employed.

I simply look at homes similar to mine on Zillow that have sold recently, fill out a form citing a few examples where the values were lowest, propose a new value for property tax purposes, and then submit the form to the county.

In Illinois, for example, the assessed value for property tax purposes is supposed, by law, to be 1 / 3rd of the fair market value.

Using capitalization, the estimated income of the particular property is also a variable in the tax formula, contributing to the calculation of assessed value for property tax purposes.

So it will add value to your house for property tax purposes.

Administrative law: When the Capilano Shopping Centre was assessed, for property tax purposes, at $ 31.3 million, it appealed to the Assessment Review Board for the City of Edmonton.

The Court of Appeal's recent decision in Victory Motors provides important clarification to not only the assessment of contaminated properties for property tax purposes, but also to the consideration of objective value versus subjective value in assessment more broadly.

Counsel will also instruct the appraiser on what will be needed for property tax purposes.

In assessing the value of real estate for property tax purposes, there are 3 standard approaches that are employed.

Using capitalization, the estimated income of the particular property is also a variable in the tax formula, contributing to the calculation of assessed value for property tax purposes.

In assessing the value of real estate for property tax purposes, there are 3 standard approaches that are employed: the Cost Approach, the Sales Comparison Approach, and the Income Approach.

When someone purchases a property in California, the County Assessor is required to immediately re-assess the property for property tax purposes.

Other types of value include insurance value, replacement value, and assessed value for property tax purposes.

By law, California real estate is valued each year as of January 1 (lien date) for property tax purposes.