The noun GERBIL has 1 sense: 1. small Old World burrowing desert rodent with long soft pale fur and hind legs adapted for leaping. Familiarity information: GERBIL used as a noun is very rare.
The value of the house today is between $425,000 and $490,000. The house is currently rented for $2,500 per month to long-term tenants ($30,000 per year). They are on a month to month lease. Taxes of $5,925.04 were paid in March 2010.
A. The True Cash Value of your property is the same as the market value. It is what your home is worth on the open market. The Assessed Value of your home is 50% of the true cash value. If the True Cash Value of your home is $120,000, the Assessed Value would be $60,000. The State Equalized Value, or SEV, is typically the same as the assessed value. In some cases, it may be slightly different due to an Equalization factor, or multiplier, which the County or State may impose to âequalizeâ the assessments.