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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.
In some jurisdictions, the assessed value is meant to equal the market value of a property. In other areas, the market value is multiplied by an assessment ratio to arrive at the assessed value. Once a tax assessor determines the assessed value, it is multiplied by a tax rate, called a "mill rate," to arrive at the amount of the property tax. [1]
to the end of the template code, making sure it starts on the same line as the code's last character. Pages in category "South Africa stub templates" The following 106 pages are in this category, out of 106 total.
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The founder members were a number of professional institutes mainly concerned with real property valuation. The Committee changed its name in 1994 to the International Valuation Standards Committee, and from the late 1990s started to include member organisations concerned with the valuation of assets other than real property.
The traditional sources of the law of property in South Africa are common law, precedent and legislation. [24] Roman-Dutch principles have always provided the backbone, but they have lately been filled out considerably by statute, [25] as well as by the courts, among whose functions is to interpret and develop the common law. All sources of ...
Valuation (finance), the determination of the economic value of an asset or liability Real estate appraisal, sometimes called property valuation (especially in British English), the appraisal of land or buildings; A distinction between real prices and ideal prices in Marxist theory.