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If you're unfamiliar with the process, it's when a home inspector goes over every inch of the home you'd like to buy, completing a report that indicates the conditions of the elements of a house ...
It’s crucial to know what your home inspector is looking for so that you can understand the home inspection report and decide which issues, if any, to address. The results of a home inspection ...
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 ...
A disaster inspector at work in the United States assessing tornado damage to a house. A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections ...
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]
If you think your home has been damaged by severe weather, here's where to start. Related storm damage article: 'I was stunned." Central Ohio homeowners assess the damage from storms, possible tornado
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The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code , as well as in bankruptcy laws, in many state laws, and by several regulatory bodies.
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