Remove Government Remove Legal Remove Market Value Remove Property Taxes
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Expert Witness Testimony: The Indispensable Role of Real Estate Appraisers in Legal Disputes

Boston Appraisal

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

Legal 148
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How the title industry is addressing the negative effects of heirs’ property

Housing Wire

Given the numerous risks and challenges associated with heirs’ property and the higher incidence in low- to moderate-income communities, the American Land Title Association (ALTA) is committed to expanding awareness of heirs’ property and collaborating with industry and government partners to address this often-overlooked hurdle to wealth building.

Legal 432
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12 Types of Expert Witness Assignments for Appraisers

McKissock

Tax appeal. Typically, this would be for local property tax appeals. Income tax (IRS) issues. This could be for estate or probate cases, and often involves determining a retrospective market value if a taxpayer neglected to obtain an appraisal when property was inherited. Learn more. Partitionment.

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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

Appraisal 145
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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

Property taxes. Expect to pay property taxes to local and county governments each year. Your local government will assess the market value of your property at its "highest and best use" and charge you a percentage of that value every year. Other tax deductions.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?

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Say What? Home-Buying Lingo You Should Know

Zillow

Conventional loan : A home loan not guaranteed by a government agency, such as the FHA or the VA. Days on market (DOM) : The number of days a property listing is considered active. Escrow account : An account required by a lender and funded by a buyer's mortgage payment to pay the buyer's homeowners insurance and property taxes.