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2. Automated valuation model - Wikipedia

   en.wikipedia.org/wiki/Automated_valuation_model

   An Automated Valuation Model (AVM) is a system for the valuation of real estate that provides a value of a specified property at a specified date, using mathematical modelling techniques in an automated manner. [1] [2] AVMs are Statistical Valuation Methods and divide into Comparables Based AVMs and Hedonic Models.

3. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   Ad valorem tax value – the value used for taxation purposes, determined by the collection of data through the mass appraisal process. The mass appraisal process applies the data collected through various sources to real property to determine taxable value. [4] Insurable value – the value of real property covered by an insurance policy ...

4. Sales comparison approach - Wikipedia

   en.wikipedia.org/wiki/Sales_comparison_approach

   The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of bathrooms, lot size, age of the ...

5. Cost approach - Wikipedia

   en.wikipedia.org/wiki/Cost_approach

   These are lumped into physical (wear, tear and deterioration), functional (look, feel, form and style), and locational (the influence of factors outside the property itself). It is generally considered that the cost approach gives the best indication of market value when the property in question is new and an appropriate (highest and best) use.

6. How Are Property Taxes Calculated? - AOL

   www.aol.com/finance/property-taxes-calculated...

   Local governments levy property taxes on residents to fund services like schools, sanitation, libraries, and police and fire departments. In Hawaii, property taxes average 0.28%, which means...

7. Comparables - Wikipedia

   en.wikipedia.org/wiki/Comparables

   Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...