Real Estate Glossary | What is Property Value??

Q: What is Property Value?

Property Value - Property value refers to the monetary value of a piece of property. It is determined by taking into account factors such as the location, size, condition, and any improvements or renovations that have been made to the property. Property value is often used to determine the amount of property taxes that will be assessed, and is also used as a benchmark for determining the price of a property when it is sold or leased.

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