glossary of appraisal terms

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abstract of the assessment roll

valuation results of the assessment process
actual age

# of years since the date of construction. chronological age
adaptive estimation procedure
- using known sales prices to produce a model that can be used to value properties with unknown sales prices.
- aka feedback
adjusted sales price
- sales price is adjusted for the effects of
- time
- financing
- personal property
adjustments
- mods in the reported value of a variable such as sale price
- used to estimate market value
ADOR, DOR

arizona department of revenue
ad valorem

according to value
ad valorem tax
- tax levied based on the value of an item.
- ex property tax
ad valorem taxation

property taxed in dorect relationship to market value
acquisition cost
- total cost of acquiring property
- includes:
- actual cost of the item
- cost of transporting
- cost of installation
- sales/use taxes
age/life
- a method of estimating accrued depreciation based on the age of the property and its economic life
- aka straight-line depreciation
affidavit of affixture

recorded doc that changes tax status of a mobile home from personal property to real property
affadavit of property value
(sales affadavit)
- a report filed when a deed is recorded which contains selling price and various pieces of information about conditions of the sale such as:
- buyer and seller ID
- intended use
- type of property
agricultural land
- land which is one or more of the following:
- cropland of at least 20 gross acres
- 10 or more gross acres of permanant crop

Author:	tessaz32
ID:	260609
Card Set:	glossary of appraisal terms
Updated:	2014-02-06 20:34:56
Tags:	apraisal
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Description:	glossary of appraisal terms
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