How does an assessor determine value?

An assessor determines the assessed value of a property by looking at a number of factors, among others:

Any improvements, repairs or renovations that have been undertaken on the property recently.
The price that comparable properties are selling for.

What is a capped value?

Capped Value = (Prior Year’s Taxable Value – Losses) x (the lower of 1.05 or the INFLATION RATE Multiplier) + Additions. Additions are all increases in value caused by new construction, remodeling, and the value of property that was exempt from taxes or not included on the assessment roll.

How to request a post-1908 Homestead Record?

Post-1908 homestead records are arranged numerically by patent number, and name indexes exist for all the public domain states. To request a case file for a post-July 1908 homestead claim, the researcher must provide the National Archives with the name of the homesteader, the state in which the land is located, and the approximate date of entry.

What do you need to know about Homestead Records?

The paperwork required of homesteaders before they could obtain a patent, or title, to part of the public domain resulted in exceptionally detailed land records. Called land-entry case files, these records describe improvements made to the property, including houses constructed, wells dug, crops planted, trees cleared, and fences built.

How much equity do you need to declare homestead in Nevada?

When you record a Declaration of Homestead, Nevada law protects the equity in your home up to $605,000 from general creditor claims (unpaid medical bills, bankruptcy, charge card debts, business/personal loans, accidents) but would not preclude a seizure or forced sale of your residence from general creditors if your equity exceeds the $605,000.

How many Homestead Records are there in Nebraska?

The Homestead Records Project seeks to digitize the over 800,000 Homestead Records from nearly 200 land offices in all 30 Homesteading States. Nebraska records were the first to be digitized, and they are now complete. The other states will follow, but for now remain only in hard copy in the National Archives.

What do you need to know about the Homestead Records?

The entryman completed an application form, which noted his name, place of residence (some claimants lived elsewhere, intending to settle on the homestead), the date, the land office, and the complete land description. The claimant signed the application. It is one of many papers which will incorporate the claimant’s signature.

Is the Homestead National Monument of America digitized?

Since 1999, Homestead National Monument of America has been involved in a project that aims to eventually digitize all 30 million documents of the homestead case files collection. To view an original homestead case file and learn more about the kinds of valuable information that can be found in these records, view the Neve case file.

When do you need to calculate the value of an estate?

After a loved one’s death, a personal representative may need to calculate the value of the decedent’s estate for tax and distribution purposes.