Assessed Value | Real Estate Glossary

Definition of "Assessed value"

Amount set for real estate or other property by a government as a basis for levying taxes.

Individual to whom a mortgage, or property, is pledged. ...

Provision for known claims due but not paid, known claims not yet due, and provision for incurred bu ...

Coverage provided for individuals or businesses for loss due to forgery or alteration of such financ ...

Individual who creates a trust and generally places his or her assets in it. ...

Same as term Excess of Loss Reinsurance: method whereby an insurer pays the amount of each claim for ...

Partially amortized and requiring a lump sum (balloon) payment at maturity. ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

A lien is a claim against a property. ...

A limit on an adjustable-rate mortgage. ...

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

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