New York real estate glossary
Know the term. Understand the rule.
Search 189 exam terms from all 19 New York salesperson curriculum subjects. Every definition opens into a sourced guide with an exam cue, a practical example and the distinction students often miss.
How to use this glossary
Read the short definition first. Then open the term for the exam pattern, New York example and common mix-up.
Filter by topic Taxes and assessments
8 terms in Taxes and assessments
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Taxes and assessments
Equalization rate
New York State's measure of a municipality's overall level of assessment, calculated from total assessed value and total market value.
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Exemption
A law-based reduction or removal of qualifying property value from specified property taxation.
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Taxes and assessments
Tax levy
The total amount a taxing jurisdiction determines it must raise through property taxes.
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Tax lien
A charge against property for unpaid property taxes.
Open term guideTaxes and assessments
Tax rate
The rate applied to taxable assessed value to calculate property tax for a jurisdiction.
Open term guideTaxes and assessments
Taxable assessed value
The portion of assessed value remaining after applicable exemptions for the tax being calculated.
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