Daily Real Estate Vocab #2 - Assessed Value

Daily Real Estate Vocab is here! Today we discuss the term: assessed value Assessed value is the dollar value assigned to a property to calculate property taxes. A property assessor is responsible for deciding the assessed value for every home within a given tax district. The assessed value itself depends on a lot of factors, but primarily it's based on home sales, locational data, and of course inspections. To calculate an assessed value each state or district will have a percentage. The percentage can be anywhere from 10% to 100% of a property’s fair market value. For more vocab terms check out our ultimate guide here: https://realestatelicensewizard.com/real-estate-terms/ #realestate #realestateexam #realestatevocab -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-