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Glossary

Terms most typically used in the evaluate practice, mapping, and the carry of ownership.

Abatement– An main reduction the assessed valuation after completion of the initial assessment.

Abstract– Compiled info containing every one of the instruments that have been videotaped affecting a specific property.

Access– The best of egress from and also ingress come a residential property from an currently highway or street.

Accretion– The procedure by which brand-new soil is accumulated, regarding the financial institutions of a flow or stream.

Acre– A land measure equal to 43,560 square feet.

Acreage– Usually huge tracts that land mainly used for farmland, timberland, or idle floor in rurallocations; property that has not been separated into smaller parcels for residential purposes.

Ad Valorem Tax– A tax levied in proportion to the worth of home being taxed.

Adjacent– home in the community or vicinity of an additional property.

Adjoining– sharing a residential or commercial property boundary; contiguous.

Adjudicated Property– property which is bring away by a jurisdiction with judicial way uponnon-payment of taxes.

Adverse Possession– The exclude, occupation and consistent possession the another’s realproperty under an obvious claim of location or right.

Aerial Photography– A photo of a part of the earth’s surface taken by an aircraftsupportedcamera or satellite.

Affidavit– A written type of an affirmed or sworn statement.

Agricultural Property– enhanced or unimproved land that is specialized to or obtainable for theproduction of plants and/or agricultural products, livestock, and agricultural support buildings.

Alluvion– soil which creates upon the financial institution of a flow or stream, either by accumulation ofmaterial or recession the water.

Amendment– A adjust correcting an error or altering component of an agreement without an altering the principle idea.

Annex– To sign up with a smaller, subordinate home to a bigger or much more dominant property.

Appeal– A procedure in which a building owner contests one assessment one of two people informally or formally.

Appraisal– The plot of estimating the financial value of property.

Appraisal proportion Study– A ratio study using independent skilled appraisals as indicators of industry value.

Appreciation– boost in value of property, in regards to money, from reasons other than additions and betterments.

Appurtenance– Any enhancement to a building that becomes component of that property.

Ascendants– Those heirs in a ascending line.

Assess– come value residential or commercial property officially because that the function of taxation.

Assessed Value – A value collection on residential property by a government as a basis for levying taxes.

Attest– come witness.

Authentic Act– An act passed before a notary public and two witnesses.

Avulsion– The sudden and also tearing away or separation of soil by violent activity of water.

Bearing– Direction that a heat measured as the acute edge from a recommendation meridian.

Board of Review– A public body having actually jurisdiction end an assessment district, fee with examining the assessment rolls, and also empowered, on very nice to revise individual assessments.

Bond because that Deed– A contract for sale in i beg your pardon the seller retains location to the building until the buyer completes the contracted payments.

Book and Page– describes the conveyance book and also page number in i beg your pardon an instrument is filed in the office the the salesman of court; volume reference

Boundary– A line the marks the outermost level area, or a division between areas, such as a residential or commercial property or ownership boundary.

CAD– computer Aided Drafting.

Cadastral Map– A scale map displaying residential property ownership boundaries; additionally known as a cadastre.

Call– The designation the visible herbal objects, monuments, courses, distances, or other matter of description as limits of the boundaries.

CAMA– (Computer-assisted fixed appraisal) A system that incorporates computer-supported statistics analyses to assist in estimating value.

Cardinal Direction– direction expressed together either early north, south, east, or west.

Center Line– describes the facility of a street, road, or right-of-way gift midway in between thesides.

Certificate that Redemption– The evidence of buying earlier or redeeming a residential property by the owner ~ loss v a judicial sale.

Chain– A land measure up of 66 feet.

Chord– A directly line connecting the tangents of a curve.

Cloud that Title– any type of valid claim, encumbrance, or lien that might impair the title to actual property.

Codocil– A complement or enhancement to a will.

Collateral Heirs– siblings of a deceased person.

Commercial Property– Generally any realty the a commercial enterprise.

Common Area– an area of residential property that is no designated because that rental or sale, which is easily accessible for common use by every tenants and also owners.

Community Property– property owned jointly by a husband and also wife.

Consideration– The amount of money and other value items or services on i m sorry a buyer and also a seller agree, come consummate a sale.

Contiguous– sharing a home boundary; adjoining.

Contour– an imaginary line on the ground, all points of which are at the very same elevation over or below a specified recommendation surface.

Conveyance– Legal files that deliver ownership the property.

Conveyance Records– The document of every sales that immovable residential property kept by the salesperson of court in a jurisdiction.

Coordinates– direct or angular amounts that point out the position of a allude in a offered reference system.

Cost– In appraisal, the expense, direct and also indirect, of constructing an improvement.

Covenant– A restriction top top a property.

Credit Deed– an instrument send immovable residential or commercial property on credit terms; vendor’s lien.

Curator/Curatrix– A guardian appointed through the court come take care of the heritage of an it is not enough ability person.

Dation En Paiement– A providing by a debtor and also receiving through a creditor of residential property in lieu of monetary payment because that a debt.

Decedent– A deceased person.

Degree– One 360th of the circumference of a circle.

Descendants– Those heirs in the diminish line.

Depreciation– loss in value of one object, relative to its replacement cost new, reproduction costnew, or initial cost, everything the cause of the loss in value.

Deed Restriction– A limitation to home rights the transfers with the property regardless ofthe owner.

Domicile– That details locality inside a human is legally understood to have his or her truehome or place of abode; residency.

Donation– A gift of home by a donor come a donee.

Donee– One who receives property through a donation.

Donor– One who provides or donates building in a donation.

Double assessed– twin assessments being made ~ above the very same parcel.

Easement– A right held by one person to use the floor of one more for a specific purpose, such asaccess to an additional property.

Egress– one outlet or leave or means of exiting.

Emancipation– come elevate a minor come the condition of an adult in the eye of the law.

Eminent Domain– The right through which a sovereign federal government may gain private residential or commercial property forpublic usage upon payment that reasonable compensation, however without consent of the owner.

Encroachment– The innocuous trespassing of an advancement on the domain of anotherperson’s land.

Encumbrance– any kind of limitation that affects rights and also value.

Equalization– The procedure by which an proper government human body attempts come ensure that allproperty under its jurisdiction is assessed in ~ the exact same assessment ratio or at the ratio forced bylaw.

Escheat– The appropriate to have property revert to the state for nonpayment of taxes or once thereare no legit heirs that someone who dies there is no leaving a will.

Escrow– A written instrument the by its terms imparts a legal obligation yet that is placed by thegrantor in the hands of a 3rd party, come be held by that or her until the event or nonoccurrenceof a stated event, then only to be delivered to the grantee and to take it effect.

Estate– The aggregate property of every descriptions left by a decedent.

Estate Tax– A tax based on the value of the heritage of a deceased person.

Et al– and also others.

Et seq– and following.

Et ux– and wife.

Et vir– and also husband.

Exchange Deed– tool wherein 2 or an ext persons support exchange equitableproperties.

Executor/Executrix– human designated through a will to administer an estate.

Executory Process– An accelerated procedure for foreclosing a mortgage or vendor’s lien.

Exemption– Excludes residential or commercial property from taxation without regard to its value; a reduction in the home tax base.

Expropriation– The exercise of the right of eminent domain to secure legal location to personal property required by publicly use.

Façade– The key exterior confront of a structure.

Fee Simple– In floor ownership, complete interest in a property, subject just to government powers.

Fiduciary– A person having actually the nature of a trust.

Field Review– The practice of reviewing the reasonableness of assessments by city hall the nature in question.

Forty– A subdivision the a ar containing 40 acres, and also described together being a quarter-quarter.

Fractional Section– A subdivision that a township containing less than 640 acre of land.

Frontage– The extent of a package of land follow me a street, road, river, or various other traffic artery on i beg your pardon the thoreau is claimed to face.

Geographic information System (GIS)– A database monitoring system used to store, retrieve, manipulate, analyze, and display spatial information; a kind of mapping system qualified of complete spatial data and also attribute data among different great on a basic map.

Global Positioning system (GPS)– A navigational and also positioning system through which the ar of a place on or over the earth can be figured out by a special receiver in ~ that suggest interpreting signals obtained simultaneously from several of a constellation of one-of-a-kind satellites.

Government Lot– among the nonrectangular locations into which sections not evenly or approximately divisible into square forty-acre tracts were split in the course of the government survey.

Government Survey– A ground survey authorized through the continental Congress in 1775 and subsequent acts, in which the floor was separated into townships around six mile square, each township typically containing thirty-six sections and also each section normally containing 640 acres. Likewise known as the public Land inspection System.

Grantee– One who acquires residential property by voluntarily conveyance.

Grantor– One that voluntarily conveys property, even if it is by sale, gift, lease, or otherwise.

Hectare– Unit of floor measure same to 100 meters square. Tantamount to 2,471 acres. Homestead

Exemption– flexibility of component or every one of the worth of an owner populated property from home taxation.

Immovable Property– genuine estate; real property; realty.

Improvement– any type of structure or enhancements erected on property.

Industrial Property– Generally any type of property provided in a manufacturing activity.

Ingress– An entrance or means of entering.

Instrument– A official legal record such as a deed, contract, will, or lease.

Inter Vivos– between livings persons.

Interdict– A person mentally capable of caring for himself, and who has been legally cursed to an school or to the care of an additional person.

Interdiction– A legit proceeding to declare a human mentally i can not qualify of caring for self or herself.

Interest– The section of ownership of a human in a property.

Intestate– The state the having died without leave a valid critical will and testament.

Inventory– The group of an individual property items, own by a organization solely because that the purpose of sale fairly than use.

Irrevocable – that which deserve to not be recalled or revoked.

Judgment– A decision of a court. Additionally a righteousness mortgage.

Kilometer– Unit of size equal come 1,000 meter or 0.6214 statute miles.

Land Patent– Land previously owned through a state or national federal government as part of the original public domain that has been voluntarily conveyed by such federal government to a exclusive owner by a proceeding authorized by basic statute.

Land Grant– A legal file in i m sorry the federal government conveys land title to one individual.

Leasehold Improvements– items of personal property linked with a tenant that have been affixed to the real home owned by a lessor.

Legal Description– Written summary of a building that offer to identify the parcel for all purposes of law.

Legatee– One who receives a gift through testatment.

Legitime–The required portion.

Lessee– The tenant. Lessor – The landlord.

Lein– A legal claim; privilege.

Levy– The complete amount of money to be increased from the building tax as collection forth in the spending plan of a counting jurisdiction.

Lien– The legal appropriate to take or host property of a debtor together payment or security for a debt.

Link– A land measure up of 7.92 inches.

Lis Pendens– A an alert of a pending suit.

Major– Of legal age.

Market Value– The most probable price which a home should carry in a competitive and open industry under all conditions requisite to a same sale.

Mass Appraisal– The process of valuing a team of properties as of a offered date, using standard methods, employing usual data, and permitting for statistical testing.

Meander Line– A traverse the a body of water for the purpose of determining the size and also location of the body of water. They carry out not stand for the boundary line unless specifically proclaimed in conveyance together such.

Merger– Union of two or an ext entities.

Metes and also Bounds– measure of angles and distances that a property supplied as a legal description.

Mill– One mill is one-thousandth of one dissension or one-tenth of one cent.

Millage– A tax price expressed as mills per dollar.

Mineral Rights– The right to extract ore, petroleum, or various other minerals from a property.

Minor– A human being under 18 year of period who has not been emancipated.

Minute– One sixtieth of a level of the circumference of a circle.

Misdescription– an error in the written legal summary of a property.

Monument– Tangible landmarks denote boundaries.

More or Less– supplied in the connection with quantity and distance wherein the specific amount is uncertain.

Mortgage– A providing of a privilege or lien on a movable or immovable property.

Mortgage Records– The records kept through the clerk of court listing every one of the mortgages tape-recorded within a jurisdiction.

Mortis Causa– A donation provided in contemplation of death.

Movables– an individual property.

Neighborhood– A geographic area where the properties room homogeneous and also share essential locational characteristics.

Onerious Donation– A donation provided after the performance of a stipulated condition.

Ordinance– A state or law that designates an it spreads widespread by a county’s or municipal corporation’s legislative branch body.

Parcel– A contiguous area of land explained in a single legal description or as one of a number of lots on a plat.

Parcel to know Number (PIN)– A numeric or alphanumeric summary of a parcel that identifies the uniquely.

Partition– An tool in which residential or commercial property is divided in between two or much more owners.

Personal building (Intangible) –

Personal building (Tangible)– any property the is movable and also can it is in relocated.

Petition the Monition– inquiry made to a officially court after specified period of time to issue clear location upon unredeemed residential or commercial property purchased through tax sale.

Planimetric Map– Map showing attributes located upon property such together structures, roads, and water features.

Plat– A map plan to display the division of land into lots or parcels. ~ above recordation through the proper authorities, land included in the plat can thenceforth it is in legally described by recommendation to the plat, omitting a metes and also bounds description.

Point of beginning (P.O.B.)–In a deed description, the is a reference allude that defines the allude at i m sorry a package begins.

Possession– Physical regulate of an individual or real property.

Power of Attorney– A created authorization in i beg your pardon one person offers authority to an additional person to act ~ above his or her behalf.

Prescription– to expire by the i of time; state of limitations.

Probate– To open up a succession in i beg your pardon a will certainly is left, and the presentation of the will to a judge for adjudication.

Property Settlement– referee rendering the partition that the assets of a divorced couple.

Public land Survey system (PLSS)– A rectangle-shaped survey system developed in the United says by the floor Ordinance that 1785, consist of of departments into township and ranges.

Quarter-Quarter– A subdivision of a section containing 40 acres, additionally known together a forty.

Quarter Section– A subdivision that a ar containing 160 acres.

Quitclaim Deed– A deed in which the grantor conveys or relinquishes every interests that he or she may have actually in a property, without warrant regarding the degree or validity of together interests.

Quiet Title– An action at law to remove an adverse claim or cloud top top the title of the property.

Range– among the north-south rows of townships in a U. S. Public floor Survey.

Ratio Study– A research of the relationship in between appraised or assessed values and market values.

Real Property– The land plus anything permanently attached to the land or legally identified as immovable; genuine estate; realty.

Reassessment– The revaluation of every property, or all building of a offered class, within an assessment district by bespeak of one authorized body.

Recordation– recording an instrument for public document with the salesman of court that a jurisdiction.

Redemption– The process by i beg your pardon the owner of home sold in ~ a taxes sale buys back the building from the purchaser at an enhanced price in ~ a mentioned redemption period.

Register Number- describes the registered conveyance number in which an tool is filed in the office that the salesman of court.

Relief– The sports in elevation in between the high and low components of a surface.

Rendition– A statements report submitted by the owner that property.

Reservation– A ideal or privilege booked by the grantor that property.

Residential Property– property that has two or an ext living units.

Restriction– A described limitation on use of a property.

Revaluation– A reappraisal that property.

Reversion– The return of building to a grantor in a deed should limitations be violated or the term of the conveyance ends.

Revocable Trust– A trust in i beg your pardon the grantor the the property hosted in trust retains the best to repossess the legal and also equitable rights.

Right-of-Way– one easement consist of of a best of passage over or with property.

Riparian Rights– The ideal that an owner of floor bordering top top a river has actually in the water flowing in the river, under the land, that is banks, or the bed.

Rod– A land measure of 16-1/2 feet; additionally called a pole.

Scale– The reduction ratio that characterizes a certain map.

Second– One sixtieth of a minute the the circumference of a circle.

Section– A unit that land about one mile square and normally containing 640 acres, as laid the end by the government survey.

Separate Property– That part of the home owned through the husband or wife which is not considered community property.

Servitude– The right of use or enjoyment of soil belonging to another; easement.

Sheriff Sale– Judicial revenue of home to accomplish a lien or mortgage.

Situs– The location of a building for functions of taxation.

Spatial– refers to the ar of, proximity to, or orientation of objects v respect to one another.

Split– A an outcome of a department or sale of property hosted by a solitary owner right into multiple parcels.

Square Foot– A unit the area same to a square one foot in length on each side.

Subdivision– A street of land that has been separated into marketable structure lots and also such public and private means as are forced for accessibility to those lots, and also that is spanned by a tape-recorded plat.

Subdivision Plat– A plat showing the location of a subdivision and also its layout right into lots, streets, alleys, and also the like.

Subject Property– The residential or commercial property being appraised.

Succession– The pass of building by inheritance or will.

Tax District– any political subdivision having or working out the power to levy taxes.

Tax freed Property– Property completely excluded from taxation because of its form or use.

Tax Rate– The lot of tax proclaimed in terms of a unit of the taxation base, for example, 30 mills per dollar.

Tax Roll– An official list mirroring the quantity of counting charged against each taxpayer and/or each home within the jurisdiction that a taxes district.

Tax Sale– revenue of a taxpayer’s residential property by publicly authority for non-payment the delinquent taxes.

Taxable Value– The appraised value minus all applicable partial exemptions, of i beg your pardon the home taxes space levied.

Tenant– One that holds or own a property.

Testament– A written instrument by which a human being disposes that his estate to take effect upon his death; a will.

Testator/Testatrix– A person who pipeline a will.

Thread– A heat midway between the next lines, such together midway between the financial institutions of a stream.

Title– The union of all facets constituting evidence of property ownership or the instrument the is evidence of ownership.

Title Search– An examination of public documents to ensure the quality of the seller’s location to a property.

Topographic Map– A map showing the horizontal and also vertical areas of natural and also artificial features; key map.

Township– An about thirty-six mile department of land offered in the Federal rectangle-shaped Survey System.

Township Plat– A plat of survey of a township all set by, or under the direction of, the unified States general Land Office.

Transfer– The plot of an altering the ownership of property on the evaluate rolls.

Trust Deed– an agreement by which the owner of property transfers legal location to a second party, such home to it is in held, managed, or disposed of because that the advantage of a 3rd party, as collection forth in the agreement.

Trustee– One who holds legal title to building under a trust agreement.

Tutor/Tutrix– A guardian that a minor.

Undivided Interest– An interest in a residential or commercial property that is not distinct from the interest of other owners of the property.

Universal Legatee– A person who receives every one of the building of the testator.

Unrecorded– A deed, etc., which has not to be filed because that public record in the office of the salesperson of court.

Use Value– Property completely used for a particular purpose or usage that entitles the residential or commercial property to it is in assessed at a different level 보다 others in the jurisdiction.

Usufruct– The right to enjoy and receive the services from residential or commercial property without the strength to dilute or alienate the property.

Usufructuary– The human being who has or is granted the usufruct of property.

Vendee– One that purchases; buyer.

Vendor– One who transfers building by sale; seller.

Vendor’s Lien– an instrument conveying immovable property on credit transaction terms; credit transaction deed.

Volume Reference- describes the conveyance book and also page number in i m sorry an tool is filed in the office of the salesman of court.

Warranty Deed– A deed comprise a agreement of warranty by which the grantor guarantees that the title that is being moved is complimentary from defects.

Will– A written instrument whereby a person disposes the his estate to take effect upon his death; testament.

Witness– to attest.

Zoning– The practice of the police power to restrict soil owners regarding the use of your land and/or type, size, and also location of structures to be set up thereon.

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ACKNOWLEDGMENTS

Definitions consisted of in the over glossary were complied indigenous the complying with publications:

Glossary for property Appraisal and also AssessmentInternational association of Assessing OfficersPrinciples and also Techniques that Cadastral MappingIAAO Reference hands-on of course 600Black’s law Dictionary, 5th EditionWest posting Co.Louisiana Notarial Handbook & study Guideby Sydney Horn