Property Tax: Assessed Value, Exemptions & Mill Rates
This lesson is part of the course
In this lesson
You turn a market value into a taxable assessed value and a tax bill, set a town's mill rate from its budget and compare a rate quoted per USD 100.
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Lessons in this course
- Commission Splits: Broker, Agent, Co-op & Graduated RatesFree
- Area & Price per Square Foot: Irregular Lots, Acres & Sections Locked
- Property Tax: Assessed Value, Exemptions & Mill Rates Locked
- Prorations at Closing: Taxes, Rent & HOA (365 vs 360 Days) Locked
- Loan Math: LTV, Monthly Payment & Discount Points Locked
- Qualifying Ratios: Front-End & Back-End DTI Locked
- Appraisal Math: Sales Comparison, Cost & Income Approaches Locked
- Investment Returns: Cap Rate, GRM & Cash-on-Cash (Chart) Locked