Property Value

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • house value
  • assessed property value
  • home value

Definition of Property Value

  1. The worth or amount of money a real property is sold for depending on the price negotiated by a buyer and seller.

Related Terms and Acronyms

  • Principle of Conformity Definition,
    • The notion that a house will fetch a fair price if it is situated among houses of similar size, style and condition.
  • Market Value (MV) Acronym, Important,
    • Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
  • Investment Property Definition,
    • Property bought with the hope of it making money.
  • Lending Value Definition,
    • The property value for mortgage purposes. Usually the lesser of appraised value or sale price.
  • Low Ball Offer Definition,
    • A way-below-market bid a buyer makes on a property or item.
  • Land Lot Definition,
    • A piece of land owned by an individual or entity.
  • Sale Price Definition,
    • The price that is paid for an asset.
  • Monetary Value Definition,
    • A property's monetary value is its worth if sold at this moment in time.
  • Cul-De-Sac (Cldsc, Culd) Abbreviation,
    • A dead-end street, often with a broad circle at the end.
  • Book Value Definition,
    • The value of a property, item or company as a capital asset based on its cost plus any additions, subtracting depreciation.
    • A valuation method determined by taking the original cost of an asset and subtracting any depreciation, impairment or amortization costs.
  • Seller's Market Definition,
    • Due to either low supply or high demand, the seller can expect to sell quickly with a high sale price.
  • Full Market Value Definition,
    • In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value. Also full cash value.
  • Current Market Value (CMV) Acronym,
    • The estimated price determined by the recent sale of similar properties.
  • Effective Age Definition,
    • An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.
  • Fair Market Value (FMV) Acronym, Very Important,
    • The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
  • Real Estate (RE) Acronym, Very Important,
    • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
  • Assessments Definition,
    • Special and local taxes imposed upon property which benefits from an improvement that has been made in the vicinity.
  • Principle of Regression Definition,
    • The notion that the value of a larger or fancier house will be reduced if it is near smaller, lower-priced houses.
  • Act of God (AOG) Acronym,
    • When used in insurance policies, an event caused by natural forces such as hail, rain, tornado, lightning, floods or earthquakes, which results in damage to property.
  • Assessed Value (ast, AV) Acronym & Abbreviation,
    • A municipal or provincial government's determination of a property's worth for tax purposes.
  • Principle of Progression Definition,
    • The notion that a smaller house's value will be enhanced if it is near larger, fancier houses.
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