You will want to check with your County Tax Assessor's Office there in Tahoe City, CA for a definition of those terms. Here in Arizona Cash Value and Limited Property Value are definitions used in determining taxation of personal and commercial Real Property.
Full Cash Value is a reflection of the market value of your property and consists of land and improvements. The FCV is used to compute secondary taxes, which may consist of bonds, budget overrides, and special districts such as fire, flood control, and other limited purpose districts.
Limited Property Value is a value determined by a statutory formula mandated by the Arizona State Legislature. The LPV is used to compute primary taxes for the maintenance and operation of school districts, cities, community college districts and counties. The LPV cannot exceed the property's Full Cash Value.
If you just trying to sell your personal, primary or investment, property, you do not need to be concerned about these definitions. You should contacting your local Realtor to discuss your particular property's marketability and the condition of your area's housing market, and how your property compares to the supply and the demand of your particular property.
These aspects will help you and your Realtor determine the Market Value of your property. In comparing your Market Value Range to your Pay Off of the Mortgage or Lien, you can then decide whether you will walk away with proceeds from the sale or begin a discussion with your Realtor of other options; like a Short Sale.
Best of luck,
Prudential Arizona Properties
8950 S. 52nd Street, Suite 107
Tempe, AZ 85284
Full Cash Value is a reflection of the market value of your property and consists of land and improvements. It is used for tax purposes.
Ryan Buckley RealtorÂ®
Turning your Dream into an Address
Coldwell Banker Residential Brokerage
Century 21 Northwest
I believe "Full Cash Value" or "Current Market Value" is typically how the county assessor values property for tax purposes. This is not the same as the "Market Value" of your property, which is the price a potential buyer would pay for your property in the current market place. If you mean you want to sell your home for less than you owe to a lein holder (a mortgage or trust), than you would be looking for information about short sales. I or any of the other Realtors who reply would be happy to help you sell your home in either case. A Realtor can help ensure that you price your property to ensure it gets sold in a timely manner, at the correct price point.
Hope this information helps!
It doesn't mean anything. You should only be concerned with the payoff amount of your mortgage(s) and that the sale proceeds will pay that debt. If not, then you need to do what's called a short sale. A RealtorÂ® can provide you with comparables in your neighborhood to help guide you on a realistic selling price. Based on that price recommendation, if the net proceeds will pay off your mortgage then you are fine. If not, then you are in short sale territory.
I am a top 1% producer at West USA Realty - the #1 brokerage in the valley - and have been recognized by The Phoenix Business Journal for my accomplishments. If you'd like to speak to a top valley agent, give me a call to discuss your needs. You can get top dollar in this market, but only if you have professional representation with professional photos, descriptions, and featured listing status. The quality of our listing photos and presentation are unmatched by most listings under $1 million.