Search results
Results from the WOW.Com Content Network
Like most other types of property, lots or plots owned by private parties are subject to a periodic property tax payable by the owners to local governments such as a county or municipality. These real estate taxes are based on the assessed value of the real property; additional taxes usually apply to transfer of ownership and property sales.
For example, if a real estate investment provides $160,000 a year in NOI and similar properties have sold based on 8% cap rates, the subject property can be roughly valued at $2,000,000 because $160,000 divided by 8% (0.08) equals $2,000,000. A comparatively higher cap rate for a property would indicate greater risk associated with the ...
A property legally described by a metes and bounds description may still be assigned a Tax Identification Number based on a separate Lot and Block system. In this case, a survey of all parcels in the county or municipality would be combined to create a separate Block and Lot system to identify the properties for taxation purposes.
A type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal.
A plat map that shows the location of a lot for sale. In the United States, a plat (/ p l æ t / [1] or / p l ɑː t /) [2] (plan) is a cadastral map, drawn to scale, showing the divisions of a piece of land.
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 ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The term, yard derives from the Old English gerd, gyrd etc., which was used for branches, staves and measuring rods. [5] It is first attested in the late 7th century laws of Ine of Wessex, [6] where the "yard of land" mentioned [6] is the yardland, an old English unit of tax assessment equal to 1 ⁄ 4 hide.