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How do you get back unscheduled personal property after actual cash value has been met?
Wiki User
∙ 10y ago
You would take that cash and go shopping.
Wiki User
∙ 10y ago
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What does Full Value on Personal Property mean on Safeco policy?
Explain Full Value on Personal Property on a Tenant Policy
Does depreciation reduce the personal property tax?
Depreciation can reduce the assessed value of personal property and thereby reduce the personal property tax, if the tax rate stays the same. Most states have a minimum rate in their depreciation tables where the depreciated value of the personal property will remain as long as you still own the property. Ask your local personal property assessor about depreciation tables as they also vary by type of personal property.
Are Home inspections used to determine the actual value of a property?
no
What type of tax is figured at a percent of the value that an assessor places on property or personal possessions?
A property tax is figured at a percent of the value that an assessor places on property or personal possessions. Property taxes are paid every year, usually to a county.
How much does insurance for property cost?
Insurance for property can vary on the cost based on what you are insuring. The cost to cover just personal property is around $50 a year. The cost rises with needing to cover high value items and will be higher for actual homeowner insurance.
What is the value of real property when its sold called?
When a property of a home is sold, the tax amount is called the real market value. The actual value of the home would have to be determined by an appraiser.
Will more taxes be owed when you sell the property?
Not necessarily. In most cases the personal property components will depreciate in actual value, so their value at the time of sale will be close to their depreciation cost basis. Thus more of the sale gain will be allocated to real estate rather than personal property and taxed at the lower capital gains rate. A 1031 exchange to defer capital gains taxes is also a viable option for
Do your personal photos have value in a property loss claim?
No, Personal photos, much like a cherished memory can not be replaced nor assessed a value.
Specific property data is incorrect - valuation is affected - how can it be corrected?
More information is needed in order to answer your question. 1. What type of property? (e.g., real property, personal property, other) 2. What data is incorrect? (e.g., characteristics of real property or personal property) #. What valuation if affected? (e.g., assessed value by local assessor, appraised value by independent appraisers, insurable value, etc.)
What does music have to do with values?
Music only has value if you ascribe a personal worth to it.
What type of personal property includes all movable wealth which is visible and the value of which can be easily be assessed?
tangible
What type of tax is fifured at a percent of the value that an assessor places on property or personal possessions?
ad valorem
