GSE? Reverted? Bulk? What do these words mean? Each County Assessor in Arizona tracks and verifies property transaction types to establish property values for tax purposes.
In Curbview, there are several of these of transaction types and other terms you may not know.
Here are a few of the definitions you will find in CurbView from the Assessor’s offices.
3rd Party
Successful Trustee’s Sale purchase.
Bulk
Multiple property sale, properties may be scattered across the Valley with a single transaction recorded, usually between investors.
FCV / FCVR
FCV is an acronym for Full Cash Value, which is calculated by the County Assessor and is what the county considers the value of the home. FCVR is an acronym for the ratio between the FCV and the last Sold Price. An FCVR of 1.0 would mean that the property’s sales price and FCV were the same.
Flip
Property purchased by an investor and then resold within 180 days.
GSE
Sale by Government-Sponsored Enterprise. (Fannie-Mae, FHL, etc.)
Prelim vs. Final Tax Assessment
The Prelim Tax Assessment is the County Assessor’s estimate of the total tax bill for that year. The Final Tax Assessment is the actual amount of taxes billed for that property.
Reverted
Failed Trustee’s sale, property reverts to beneficiary (mortgage holder).
Understanding tax information is important. Continue to learn more at the Classes section of ARMLS.com
