Sales Assessment Ratio


Definition of "Sales-assessment ratio"

Helen Reece
  Remax Executive

Selling price of a property divided by its appraisal value. If real estate has a selling price of $400,000 but its assessed value is 4380,000, the ratio is 1.053.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Guaranteed Renewable Contract (life Or Health)

Insurance policy renewable at the option of the insured for a specified number of years or to a stat ...

Stated Amount Endorsement

Addition to a property policy providing coverage for a specified amount. This endorsement is typical ...

Contribution

Principle of equity in property, casualty, and health insurance. When two or more policies apply to ...

Spread On Interest-bearing Funds

Difference between the yield on earning assets and the cost of interest-bearing liabilities. ...

Price

Amount of money paid for some form of property. In real estate, the price paid for property is usual ...

Request For Notice Of Default

Person, such as the beneficiary of a deed, asking that he be informed if the property is foreclosed ...

Related Real Estate FAQ

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income ...

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 ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

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

What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Foreclosure - The Pros and Cons of Buying Top Five Reasons Your Home Offer was Rejected 5 U.S. Cities with the Best Public Transportation 3 tips to ensure your sale goes through

FAQ

What is a front-end ratio? What is a point? What is zoning? What is title insurance? What is an appreciation?