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Each year, you have to pay taxes based on an assessment of the property value.
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While this may seem obvious, it's also backed up by an economic concept called the time value of money (tvm). Knowing your home's value helps you determine a list price if you're selling it. A collection of antique money makes a fun hobby or an excellent inheritance depending on the value of the money. It's helpful when refinancing and when tapping into the home's equity, as well. Most of us would choose today.
Understanding how property assessors determine this value helps you maximize your returns and av.
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