EDU Articles
Learn about investing, trading, retirement, banking, personal finance and more.
Who is an Assessor?
An Assessor is a government employee who finds the value of properties and other assets for tax and insurance purposes.
The assessor’s office is responsible for coming up with the assessed value of real estate property in a municipality, for the purpose of assessing property taxes.
Assessors may have other roles, but this is the main one. Considering that assessors have to determine a value of every piece of real property in their district, it can certainly be an overwhelming task.
They also must keep all records of this inventory up to date as property changes hands and building projects and so forth may change the value of the property.
Assessors in some states are not required to have a special certification, but in most states it is mandatory. Assessors seek to find a formula that works for each neighborhood’s property values, and these tend to be an approximation of fair market value which is good enough for most purposes.
The assessor’s research includes averaging the values of real estate listings for a given area. Assessors must incorporate various documents from the municipality such as building permits and other information related to real estate property values.
What are Envelopes and Trading Bands?
Envelopes and trading bands help traders put filters on their decisions to trade, by setting limits on movement
What are the Withdrawal Rules for My SIMPLE IRA?
SIMPLE IRA contributions and earnings may be withdrawn at any time, but there are certain penalties that apply
Can I Take a Loan From my Cash-Balance Plan?
The IRS permits such loans, but it is rare to find a plan that allows it. In the vast majority of cases, you cannot
What is a Swap?
A swap is an over-the-counter agreement between institutions to "swap" one thing for another, usually cash flow
Whats is Commercial Paper?
Commercial Paper is an unsecured short-term loan that a highly rated corporation can issue to finance short-term...
What is Bankruptcy Court?
Bankruptcy court is a special judicial proceeding which determines how a debtor can settle accounts and move on
What are Consolidated Financial Statements?
Consolidated financial statements are required when one company owns a controlling interest in another company
What is a Dividend ETF?
Dividend ETFs invest primarily in preferred stock and stocks that pay regular dividends. Strategically, they tend to...
Where Should I Put my Healthcare Savings?
Saving for health care needs should be a lifelong pursuit. You can use brokerage accounts and HSAs to accomplish your...
What is the Lifetime Learning Credit?
The Lifetime Learning Credit is a federal tax credit to offset expenses associated with higher education. No age limit