Dictionary

Definition: Anything of value. Pronunciation: ˈa-ˌset Used in a Sentence:   The updated finishings are an asset to the property.

Definition: An amount that a person is officially required to pay, especially as a tax or individual share of a common expense in a condo or co-op building Pronunciation: ə-ˈses-mənt Used in a Sent...

Definition: The value determined by a county tax appraiser for each unit of real property for tax purposes. Pronunciation: ə-ˈses-ed Used in a Sentence:   The taxes on the property were increased b...

Definition: The joining of two or more connecting properties into one tract. Pronunciation: \ə-ˈsem-blij Used in a Sentence:

Definition: The state of being behind in the discharge of an obligation: paid at the end of the period for which something is due. Pronunciation: \ə-ˈrirz Used in a Sentence:  The real estate taxes...

Definition: The hearing and determination of a case in controversy by a third party. Pronunciation:  är-bə-ˈtrā-shən Used in a Sentence:   The dispute between the two brokers was settled by arbitra...

Definition:  An increase in value. Pronunciation: \ə-ˌprē-shē-ˈā-shən Used in a Sentence:  The change in the market caused an appreciation in the value of the property.

Definition: The estimated worth of a property established by someone qualified in valuation. Pronunciation:  \ə-ˈprāz-ed Used in a Sentence:  The appraised value of the property came in higher than...

Definition: Someone who formally applies for something. Pronunciation: \ˈa-pli-kənt Used in a Sentence:   We interviewed the applicant for the job.