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t. e. Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...
Appraised value. An appraised value (United States) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a financial institution. [1]
The primary grid pattern is of quarter sections (1⁄2 mi × 1⁄2 mi (800 m × 800 m)). In U.S. land surveying under the Public Land Survey System (PLSS), a section is an area nominally one square mile (2.6 square kilometers), containing 640 acres (260 hectares), with 36 sections making up one survey township on a rectangular grid. [1]
The largest county is Allen (657 sq. mi., 1,702 km 2) and the smallest is Ohio (86 sq. mi., 223 km 2). [3] According to the Constitution of Indiana, no county may be created of less than 400 square miles (1,000 km 2), nor may any county smaller than this be further reduced in size, which precludes any new counties. [4]
Residential properties make up about 64% of the total $17.4 billion in property values in the county. Commercial properties account for another 27% of the value. The county has about 55,000 parcels.
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.
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