Effective Tax Rate | Real Estate Glossary

Definition of "Effective tax rate"

Equals the tax divided by taxable income. Foe example, if the tax is $30,000 on taxable income of $120,000 the effective tax rate if the business is 25% ($30,000/$120,000)

Search Real Estate Glossary

Related Real Estate Glossary terms

Maximum Foreseeable Loss (mfl)

Worst case scenario under which an estimate is made of the maximum dollar amount that can be lost if ...

Net Yield

Gross yield minus total costs (expenses). ...

Family Room

Room in a home where the occupants spend their leisure time. ...

Variable Interest Rate

Interest rate on a mortgage that moves up or down based on some variable such as an index of lender' ...

Agreed Amount Clause

In property insurance, a stipulated agreement between the insurance company and the insured that the ...

Succession

transfer of real property by legal means such as through inheritance. ...

Related Real Estate FAQ

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Is A Private Mortgage?

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

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

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 ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

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

Read Reviews

Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? What do Real Estate Attorneys do? Should you Buy a Home with Cash? 7 Tips for a First Time Homebuyer How To Choose A Realtor

FAQ

Besides making my monthly mortgage payment, how can I build equity into my house? What is Freddie Mac? What is an amortization? What is a home warranty? What happens when you prequalify?