Tag: Fair Market Value

Posted on 04/23/2023

Assessed value & fair market value: What's the difference?

As you venture into the world of real estate, you may hear...

Posted on 05/29/2022

Ad valorem tax & other important tax terms to know

Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...

Ad Valorem

Assessed Value

+ 6 more

Posted on 05/08/2022

Ad valorem tax: What it is & how to calculate it

Latin for "according to value," the term "ad valorem" is common in tax conversations. An ad valorem tax is flexible and dependent on the value of the specific asset, product or service. If you're a property owner, you're paying an ad valorem tax on your property taxes. To better understand how this term is used, here is a...

Ad Valorem

Appraisal Value

+ 3 more

Posted on 01/09/2022

What Does Fair Market Value Affect?

There are many variables that make up the fair market value of a property. Because this value depends heavily on the environment and the property itself, it’s crucial in making sure you get the best buying or selling price. Here are some of the biggest things that fair market value affects: Insurance Homeowner’s insurance always uses the fair...

Fair Market Value

Home Buying

+ 12 more