Assessment Ratio


Definition of "Assessment ratio"

Myrna Strain
  Watson Realty Corp

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


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Survivorship Life Insurance

Coverage on more than one person that pays a benefit after all of the insureds die. This type of joi ...

Owner Occupant

A property owner who lives in the property he also leases or rent to others. For example, John owns ...

International Right Of Way Association (IRWA)

Founded in 1934 and located in Garden, CA with 1993 membership of 9,000, the IRWA is a professional ...

Final Degree

A judgment of a court issued as a final order after hearing all the evidence and material directly r ...

Contingent Business Income Coverage Insurance

Same as term Contingent Business Income Coverage Form: coverage for loss in the net earnings of a bu ...

Triple Protection

Combination life insurance policy consisting of ordinary life and double the amount of term life. Sh ...

Related Real Estate FAQ

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

What Is A Term?

A term is the length of a loan. ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Is A Quit Claim Deed?

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

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? What is Earnest Money Should you Buy a Home with Cash? Why Right Now is a Good Time for Millennials to Buy a Home 7 Tips for a First Time Homebuyer

FAQ

What is an adjustable-rate mortgage (ARM)? What is an APR and what does it include? How Much Can I Afford ? What is principal? What is a qualifying ratio?