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2. Fair market value - Wikipedia

   en.wikipedia.org/wiki/Fair_market_value

   The fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. United States v. Cartwright, 411 U. S. 546, 93 S. Ct. 1713, 1716-17, 36 L. Ed. 2d 528, 73-1 U.S. Tax Cas.

3. Property tax in the United States - Wikipedia

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

   Tax assessors for taxing jurisdictions determine property values in a variety of ways, but are generally required to base such determinations on fair market value. [12] Fair market value is that price for a willing and informed seller would sell the property to a willing and informed buyer, neither being under any compulsion to act.

4. Sales comparison approach - Wikipedia

   en.wikipedia.org/wiki/Sales_comparison_approach

   The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of bathrooms, lot size, age of the ...

5. Here’s how Illinois’ proposed ‘millionaire tax’ would provide ...

   www.aol.com/illinois-proposed-millionaire-tax...

   SPRINGFIELD, Ill. (WTVO) — Voters in Illinois will get a chance to decide whether Illinois millionaires should pay an additional tax to fund a statewide property tax relief fund. Former Illinois ...

6. AOL - Finance News & Latest Business Headlines - AOL.com

   www.aol.com/real-estate

   US existing home sales rise in December; house prices hit record high in 2024. ... The famous Illinois home featured in the 1990 Christmas classic first hit the market for $5.25 million in May 2024.

7. House price index - Wikipedia

   en.wikipedia.org/wiki/House_price_index

   The RPI is constructed to gauge price movement among non-distressed home sales and excludes sales of foreclosed properties.[1] The RPI has a lag time of about two months as a monthly tracking index. Specific indices are available for specific metropolitan areas, and composite indices are available for the top 10, 20, 30, and 100[2] metro areas.