Search results for " assessed value"
showing 2 items of 2 documents
Appraisal Value and Assessed Value in Italy.
2015
The appraisal value is an appraiser's opinion (not determination) of the current worth of a property on the real estate market. The assessed value is the value placed on real estate property by government assessors for determining ad valorem taxes. Assessed value is used rarely as basis for appraisal value. The Italian appraisal practice is characterized by valuations developed in subjective opinions formulated by the valuers, according to the experience and the competence rather than on the survey of the market data of comparable properties. These opinions are indicated by the term expertise, borrowed from the estimates made in the art market. In Italy, the valuation of the properties appl…
RAZIONALIZZAZIONE ESTIMATIVA DELL'EXPERTISE IMMOBILIARE
2013
The Italian appraisal practice is characterized by valuations developed in subjective opinions formulated by the valuers, according to the experience and the competence rather than on the survey of the market data of comparable properties. This practice makes up for the lack of information on the real estate market and to the consequent absence of systematic collections of market data. This tradition is in the cadastral appraisal for the rural (1886) and urban properties (1939). The assessed income is appraised for a representative property and wide to all the other properties with arbitrary scores (pure number). The assessed value is derived from the income with fixed multipliers.