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how do you find the percent of total appraised value. Find out what percent is 7 out of 300. For example if you paid 1430 in property taxes and the local property tax rate equals 22 percent divide 1430 by 0022 to find your propertys assessed value equals 65000.
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Appraised Value When you purchased the property the appraiser valued your real property and improvements based on comparable sales in the area. You may then consider setting an appraised value of 300000 for your own 3000-square-foot condominium. In this instance the final LTV remains at 95 and everything moves forward as planned.
However assessed value can come up when you buy or sell a home because this number unlike the loosey-goosey market value is public knowledge contained in property records.
In this instance the final LTV remains at 95 and everything moves forward as planned. For example if you paid 1430 in property taxes and the local property tax rate equals 22 percent divide 1430 by 0022 to find your propertys assessed value equals 65000. Divide that by the 250000 sales price. Youve determined that the propertys NOI after deducting applicable expenses is 50000.
