Transfer Of PropertyTaxesEASY
Real estate tax calculations are based on what type of value?
Correct Answer
A) Assessed value
Property taxes are calculated based on the assessed value, which may differ from market value.
Answer Options
A
Assessed valueB
Implied valueC
Market valueD
Appraised valueAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
property-tax-assessment-processprop-13-california-property-taxcomparative-market-analysis
Key Terms:
assessed valueProposition 13property taxcounty assessorCalifornia Revenue and Taxation Code
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