Ad Val Orem tax
Taxes assessed based on the value of the land and improvements.
ACRE
43,560 square feet. A measurement of area.
Absorption Rate
The ratio of the number of properties in an area that have been sold against the number available. Used to show the volatility of a market.
Abstraction Method
This method of estimating the value of property uses similar properties available in the same market to extract the value of a parcel of land.
Accessory Building
A building separate from the main structure on a property. Often used for a specific purpose, such as a workshop, storage shed or garage.
Accretion
The natural growth of a piece of land resulting from forces of nature.
Actual Age
The amount of time that has passed since a building or other structure was built. See also: EFFECTIVE AGE.
Addendum
A supplement to any document that contains additional information pertinent to the subject. Appraisers use an addendum to further explain items for which there was inadequate space on the standard appraisal form.
B Term
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled
