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Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax.
If the value of the commercial lot as vacant in "House B" exceeds the value of house as a residence as improved plus demolition costs, the overall highest and best use of this property would be the as vacant value of the commercial lot. For example, assume that "House B" has a value as a house of $200,000, and a site value as a commercial lot ...
From stock market news to jobs and real estate, it can all be found here. ... The "8-Mile" actress purchased the property in 2003 from Britney Spears, whose unsettling experience there reportedly ...
Land surveying in Kentucky is regulated by the Commonwealth in KRS 322. [8] The Standards of Practice are defined in 201 KAR 18:150. [9] Compliance is maintained by the Kentucky Board of Engineers and Land Surveyors, [10] which was established by an Act of the Kentucky General Assembly in 1938.
2.2 Real estate values. 2.3 Tax incidence. ... Compared to modern property tax assessments, ... Land value assessments are usually considered public information ...
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