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The value of a house is determined by the location, year it was made, quality of the house, quality of the surrounding property, interior design, and any improvements done to the house.

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Q: How can one determine the value of a house?
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How can a homeowner determine if their home has equity?

Deduct your mortgage balance(s) from the appraised value of the house. The remainder will be your equity.


Does a low-income apartment in the neighborhood lower the value of my house?

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In order to determine one's vehicle donation tax deduction, one must find the average selling price of the vehicle. One can use such sources as the Kelly Blue Book and the National Automobile Dealers Association to determine this value. Once the the fair market value has been determined, that will be the amount used as the tax deduction.