The value of a property or of land, that is used to decide how much tax has to be paid on it. Assessed Value Resources Why is Assessed Value Important? Assessed Value Vs. Market Value: What’s The Difference? Determining Your Assessed Value How Are Property Taxes Calculated?

A mortgage that can be transferred from the current owner of the property to the buyer, with the terms that were agreed upon originally. Assumable mortgage Resources What to know about assumable mortgages Advantages and Disadvantages of Assumable Mortgages Is an Assumable Mortgage a Good Idea?