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Many factors contribute to the fair market value of a home, including the property, the plot on which it stands, surrounding properties, recently sold homes and the market rates on any given date.
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Assessed value is a percentage of your market value. The process varies depending on what type of property you own. If you receive exemptions, their value is subtracted from your assessed value to calculate your taxable value. Your taxable value is multiplied by the current tax rate for your property class.
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Market Value: The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization of a publicly-traded company, and is obtained by.
Elements. Fair market value, according to the IRS, is the price that would be negotiated between a home seller and a buyer who have no personal relationship.
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Find out methods the county uses to come. Homeowners who protested saw the market value of their homes drop an average of.
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