Market value
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$1.25
compute a tax rate using dollars per hundred with the following information
budget = $6,000,000
market value = $800,000,000
assessment level = 50%
non-property tax revenue = $1,000,000
,$3,248
actual value = $175,000
assessment level = 20%
tax rate = 92.8 mills
calculate the property tax for the residence.
$50,000
What would the land value be with the following values
sale price = $220,000
cost new of improvement = $260,000
depreciation = $90,000
,$56,000
The subject property is a duplex located on a 9,000 sq ft lot. The total value of this property
is $280,000. There are two sales that are similar, and the improvement value is well
documented.
Sale 1 sells currently for $300,000, with an improvement value of $240,000. Sale 2 sold 12
months ago for $250,000, with a current improvement value of $220,000. The lot size for
both Sale 1 & Sale 2 is 9,000 sq ft. Values in this area have been increasing at a rate of 10%
per year. Using the allocation method of land valuation, WHAT WOULD THE INDICATED
VALUE OF THE LOT FOR THE SUBJECT PROPERTY BE?
, $62,500
a 70'x120' site with level ground and and average view and located south of Route 66 is
being appraised. Sale 1 sold recently for $50,000, is 80'x120', has hilly ground and a fair view,
and is located north of Route 66. Sale 2 sold 4 months ago for $64,500, is 60'x120', has level
ground and a good view, and is located south of Route 66.
Lots located south of Route 66 are considered 10% more desirable than lots located north
of Route 66. A good view is worth 15% more, and a fair view is worth 15% less. Level ground is
worth 10% more than hilly ground. Lot sizes that vary more than 1,000 sq ft require a 10%
adjustment. lot values have been increasing at a rate of .5% per month. WHAT IS THE VALUE
OF THE SUBJECT LOT?
Don't know?
Terms (164)
Hide definitions
$1.25
compute a tax rate using dollars per hundred with the following information
budget = $6,000,000
market value = $800,000,000
assessment level = 50%
non-property tax revenue = $1,000,000
,$3,248
actual value = $175,000
assessment level = 20%
tax rate = 92.8 mills
calculate the property tax for the residence.
$50,000
What would the land value be with the following values
sale price = $220,000
cost new of improvement = $260,000
depreciation = $90,000
,$56,000
The subject property is a duplex located on a 9,000 sq ft lot. The total value of this property
is $280,000. There are two sales that are similar, and the improvement value is well
documented.
Sale 1 sells currently for $300,000, with an improvement value of $240,000. Sale 2 sold 12
months ago for $250,000, with a current improvement value of $220,000. The lot size for
both Sale 1 & Sale 2 is 9,000 sq ft. Values in this area have been increasing at a rate of 10%
per year. Using the allocation method of land valuation, WHAT WOULD THE INDICATED
VALUE OF THE LOT FOR THE SUBJECT PROPERTY BE?
, $62,500
a 70'x120' site with level ground and and average view and located south of Route 66 is
being appraised. Sale 1 sold recently for $50,000, is 80'x120', has hilly ground and a fair view,
and is located north of Route 66. Sale 2 sold 4 months ago for $64,500, is 60'x120', has level
ground and a good view, and is located south of Route 66.
Lots located south of Route 66 are considered 10% more desirable than lots located north
of Route 66. A good view is worth 15% more, and a fair view is worth 15% less. Level ground is
worth 10% more than hilly ground. Lot sizes that vary more than 1,000 sq ft require a 10%
adjustment. lot values have been increasing at a rate of .5% per month. WHAT IS THE VALUE
OF THE SUBJECT LOT?
