Assessment Ratio | Real Estate Glossary

Definition of "Assessment ratio"

Relationship between a real estate's assessed valuation and its market value.

Valuation of property for damage resulting from an insured peril or for establishing the base amount ...

Map which documents the area, perimeter location, dimensions, and other data relating to land for pu ...

Rate charged by the Federal Reserve to commercial banks for overnight loans made by these banks. If ...

Cost per unit of insurance. ...

Total earned premiums minus total expenses and losses paid of the insurance company. ...

Rental agreement directly between the landlord and tenant. If the tenant then rents it out to anothe ...

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

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

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