Millage Rate
Property tax rate whereby each mill is $1 of tax assessment per $1,000 of assessed property value. For example, a house in Los Alamitos is assessed at $200,000 and the millage rate is 10 mills. The assessment for the home would be $2,000 ($200,000*.01).
Popular Real Estate Terms
The excess of total expenses over rental revenue for a real estate business. ...
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Lienholder's statement as to the unpaid balance on a trust deed note. ...
Modeled after the English Georgian style, this architecture is a perfectly scaled grand symmetrical structure which is extremely formal and conventional in style. ...
Expenditures incurred to initially purchase property, including incidental costs necessary to put the property into existing use and location. This cost is then depreciated over the assets ...
Statement made verbally. It is better legally to have a written statement because verbal ones without witnesses may be denied. ...
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The Ellwood method based on a multiplier of mortgage-equity to determine the value of income-producing property. ...
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