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Home prices in Tennessee are overvalued at twice the national average, according to a recent report by credit analyst Fitch Ratings. The report estimated national home prices were 11.1% overvalued ...
The price of a home in Tennessee has doubled since early 2020, dimming the prospect of homeownership considerably for residents earning the median income of $71,328. Will it get better in 2024?
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Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property. [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, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
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In Germany, real estate appraisal is known as real estate valuation (Immobilienbewertung). Real estate appraisers (Immobilienbewerter or Gutachter) can qualify to become a Öffentlich bestellter und vereidigter Sachverständiger (officially appointed and sworn expert). However, this formerly very important title has lost a lot of its importance ...
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related to: tennessee real estate assessment data