Re/max Executive Realty
Sandi Boucini and Michelle Granger, Re/max Executive RealtyPhone: (508) 479-5998
Email: [email protected]

Tag: Home Value

Posted on 07/11/2022
Ad valorem tax & other important tax terms to know
Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...
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Posted on 04/04/2022
Understanding the relationship between PITI & property taxes
PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ratio? Here is a basic explanation to help:...
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