Remove Definition Remove Insurance Remove Market Value Remove Property Taxes
article thumbnail

12 Types of Expert Witness Assignments for Appraisers

McKissock

Tax appeal. Typically, this would be for local property tax appeals. If the appraiser is providing any services that would fall under that definition, the fee structure cannot be contingent on the outcome of the appeal. Income tax (IRS) issues. Insurance claims. Learn more. Guardianship/Trustee matters.

article thumbnail

The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

The market value of these properties will be based on a "comparable sale-based valuation method." which seems in direct conflict with state law since co-ops and condos are valued as rentals by state law in NYC. It taxes residential properties valued at $5 million and above in NYC, most of which are in Manhattan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage Term Glossary

Assurance Financial

If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Use the home loan glossary below to get familiar with terms and definitions that might be new to you. Assessed Value.

article thumbnail

Home Appraisals vs Online Home Value Calculators

D Fritz Appraisals

A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home.