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WAULT, short for weighted average unexpired lease term, is a measurement used in commercial real estate to quickly judge the value of contracted rents in a property, or more commonly, a portfolio of properties.
Jaime Uziel knows that as a real estate attorney his clients depend on him to interpret the legalese that's part of any real estate transaction. He's happy to do that, he says, but he also tries ...
The law in Slovakia distinguishes 3 types of the real estate tax (Slovak: Daň z nehnuteľností): – Land tax – Building tax – Tax on apartments and non-residential premises in an apartment building. The administration of real estate tax is handled by the municipality in whose territory the real estate lies.
A property tax, millage tax is an ad valorem tax that an owner of real estate or other property pays on the value of the property being taxed. Ad valorem property taxes are collected by local government departments (examples are counties, cities, school districts, and special tax districts) on real property or personal property.
Property taxes are also expressed in terms of mills per dollar assessed (a mill levy, known more widely in the US as a "mill rate"). For instance, with a millage rate of 2.8₥, a house with an assessment of $100,000 would be taxed (2.8 × 100,000) = 280,000₥, or $280.00. The term is often spelled "mil" when used in this context. [5]
Mill's concept was refined and developed by nineteenth-century economist Henry George in his book Progress and Poverty (1879). [1] George argued that the value of land increased as population growth expanded the division of labor. A landowner's exclusive claim to their land granted them the ability to collect the excess productivity as economic ...
Here are 15 real estate terms you need to know. Real Estate Agent Professional who represents the seller (listing agent) or buyer (buyer’s agent) in a real estate transaction.
FNC Inc. publishes the Residential Price Index based on data collected from public records blended with real-time appraisals of property and neighborhood attributes. The RPI is the mortgage industry's first hedonic price index for residential properties.