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.
Debts are not included in the value of the estate. For example, if the estate includes a house worth $500,000 but also has a mortgage on the house of $250,000, the house is still valued at $500,000 for the purposes of calculating the executor's monetary compensation.