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Real Estate > Chapter 8: Real Estate Taxes KEY TERMS REVIEW > Flashcards

Chapter 8: Real Estate Taxes KEY TERMS REVIEW Flashcards

1
Q

Ad valorem tax

A

tax set according to value

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2
Q

Assessed value

A

value used for tax purposes

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3
Q

Assessment roll

A

list of all taxable property

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4
Q

Equalization factor

A

adjusts for assessment variations

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5
Q

Full-value assessment

A

estimate based on probable sales price

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6
Q

Mill

A

one-thousandth of a dollar

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Real Estate (19 decks)

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