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2. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   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. The location also plays a key role in valuation.

3. Home appraisal vs. home inspection: What’s the difference?

   www.aol.com/finance/home-appraisal-vs-home...

   An appraisal is a process used to determine the value of a home. Usually, if the homebuyer is seeking financing for the purchase, the bank or mortgage lender will require the property be appraised.

4. Property tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Property_tax_in_the_United...

   Values may change over time, and many states require taxing jurisdictions to redetermine values every three or four years. The value of property is often determined based on current use of the property, rather than potential uses. [25] Property values are determined at a particular valuation date for each jurisdiction, which varies widely.

5. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   If the value of the commercial lot as vacant in "House B" exceeds the value of house as a residence as improved plus demolition costs, the overall highest and best use of this property would be the as vacant value of the commercial lot. For example, assume that "House B" has a value as a house of $200,000, and a site value as a commercial lot ...

6. How much does a home appraisal cost? - AOL

   www.aol.com/finance/much-does-home-appraisal...

   The home inspection evaluates the property’s safety and structural soundness; the home appraisal evaluates its value. Why is an appraisal needed? Home appraisals benefit homebuyers as well as ...

7. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   Step 1: Estimate your home’s value. Calculating equity starts with identifying the property’s market value. You can find out how much your home is worth using a number of methods. Online home ...