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Glossary

Terms most frequently used in the assessment practice, mapping, and the deliver of ownership.

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

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

Access– The ideal of egress from and also ingress come a home from an present highway or street.

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

Acre– A soil measure same to 43,560 square feet.

Acreage– Usually huge tracts of land mostly used because that farmland, timberland, or idle soil in rurallocations; property that has actually not been separated into smaller sized parcels for residential purposes.

Ad Valorem Tax– A taxes levied in proportion to the value of home being taxed.

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

Adjoining– share a building boundary; contiguous.

Adjudicated Property– home which is bring away by a jurisdiction v judicial method uponnon-payment of taxes.

Adverse Possession– The exclusive occupation and consistent possession of another’s realproperty under an apparent 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 form of an affirmed or sworn statement.

Agricultural Property– improved or unimproved land the is committed to or accessible for theproduction of plants and/or agricultural products, livestock, and farming support buildings.

Alluvion– land which develops upon the bank of a river or stream, either by accumulation ofmaterial or recession of 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 residential or commercial property to a bigger or much more dominant property.

Appeal– A procedure in i beg your pardon a residential property owner contests an assessment one of two people informally or formally.

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

Appraisal ratio Study– A ratio study making use of independent expert appraisals as signs of market value.

Appreciation– increase in value of property, in regards to money, from causes other than enhancements and betterments.

Appurtenance– Any addition to a residential property that becomes part of that property.

Ascendants– Those heirs in a ascending line.

Assess– come value building officially because that the function of taxation.

Assessed Value – A value set on residential property by a government as a basis because that levying taxes.

Attest– come witness.

Authentic Act– An act passed prior to a notary public and also two witnesses.

Avulsion– The sudden and also tearing away or separation of floor by violent action of water.

Bearing– Direction of a line measured as the acute edge from a reference meridian.

Board that Review– A public body having jurisdiction end an evaluate district, fee with evaluating the evaluate rolls, and empowered, on very nice one to review individual assessments.

Bond for Deed– A contract for sale in which the seller retains location to the building until the buyer completes the contract payments.

Book and also Page– refers to the conveyance book and page number in i m sorry an instrument is filed in the office that the clerk of court; volume reference

Boundary– A line that marks the outermost level area, or a department between areas, such together a property or ownership boundary.

CAD– computer Aided Drafting.

Cadastral Map– A range map displaying building ownership boundaries; also known together a cadastre.

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

CAMA– (Computer-assisted massive appraisal) A mechanism that incorporates computer-supported statistical analyses to help in estimating value.

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

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

Certificate of Redemption– The proof of buying ago or redeeming a building by the owner after ~ loss through a righteousness sale.

Chain– A land measure up of 66 feet.

Chord– A straight line connecting the tangents that a curve.

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

Codocil– A supplement or enhancement to a will.

Collateral Heirs– siblings of a deceased person.

Commercial Property– Generally any realty that a advertisement enterprise.

Common Area– one area of home that is not designated for rental or sale, i beg your pardon is obtainable for common use by all tenants and owners.

Community Property– property owned together by a husband and wife.

Consideration– The lot of money and other value goods or solutions on i m sorry a buyer and a seller agree, come consummate a sale.

Contiguous– sharing a residential property boundary; adjoining.

Contour– an imaginary heat on the ground, all points that which space at the very same elevation above or listed below a specified reference surface.

Conveyance– Legal files that carry ownership of property.

Conveyance Records– The record of every sales of immovable residential or commercial property kept through the clerk of court in a jurisdiction.

Coordinates– straight or angular quantities that clues the place of a allude in a provided reference system.

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

Covenant– A restriction upon a property.

Credit Deed– one instrument send immovable home on credit terms; vendor’s lien.

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

Dation En Paiement– A giving by a debtor and also receiving by a creditor of home in lieu of financial payment for 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 an object, family member to its replacement price new, reproduction costnew, or initial cost, everything the reason of the lose in value.

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

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

Donation– A gift of residential or commercial property by a donor come a donee.

Donee– One that receives building through a donation.

Donor– One who offers or donates property in a donation.

Double assessed– dual assessments gift made on the exact same parcel.

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

Egress– one outlet or leave or means of exiting.

Emancipation– come elevate a minor to the status of one adult in the eyes of the law.

Eminent Domain– The right whereby a sovereign government may get private home forpublic usage upon payment the reasonable compensation, yet without consent that the owner.

Encroachment– The not authorised trespassing the an advancement on the domain of anotherperson’s land.

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

Equalization– The process by i m sorry an proper government human body attempts to ensure that allproperty under that is jurisdiction is assessed at the same assessment ratio or in ~ the ratio required bylaw.

Escheat– The ideal to have property revert come the state for nonpayment of taxes or when thereare no legitimate heirs of someone who dies without leaving a will.

Escrow– A written instrument the by its terms imparts a legitimate obligation but that is placed by thegrantor in the hands of a third party, come be organized by him or her till the event or nonoccurrenceof a stated event, then only to be yielded to the grantee and to take effect.

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

Estate Tax– A tax based upon the worth of the legacy of a deceased person.

Et al– and also others.

Et seq– and following.

Et ux– and wife.

Et vir– and husband.

Exchange Deed– instrument wherein 2 or an ext persons mutually exchange equitableproperties.

Executor/Executrix– human designated by a will certainly to provide an estate.

Executory Process– An increased procedure because that foreclosing a mortgage or vendor’s lien.

Exemption– Excludes building from taxation without regard to its value; a palliation in the home tax base.

Expropriation– The practice of the ideal of eminent domain to secure legal title to personal property required by publicly use.

Façade– The main exterior challenge of a structure.

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

Fiduciary– A person having the nature of a trust.

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

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

Fractional Section– A subdivision of a township containing much less than 640 acres of land.

Frontage– The level of a package of land follow me a street, road, river, or various other traffic artery on which the parcel is said to face.

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

Global Positioning system (GPS)– A navigational and also positioning system whereby the ar of a position on or over the earth can be identified by a special receiver in ~ that allude interpreting signals obtained simultaneously from number of of a constellation of distinct satellites.

Government Lot– among the nonrectangular locations into i m sorry sections not evenly or approximately divisible right into square forty-acre tracts were separated in the course of the federal government survey.

Government Survey– A ground inspection authorized by the continental Congress in 1775 and also subsequent acts, in which the land was split into townships around six mile square, every township generally containing thirty-six sections and also each section normally containing 640 acres. Additionally known as the general public Land inspection System.

Grantee– One that acquires residential or commercial property by voluntarily conveyance.

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

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

Exemption– flexibility of component or every one of the value of one owner lived in property from home taxation.

Immovable Property– genuine estate; actual property; realty.

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

Industrial Property– Generally any kind of property used in a production activity.

Ingress– An enntrance gate or way of entering.

Instrument– A formal legal document such together a deed, contract, will, or lease.

Inter Vivos– in between livings persons.

Interdict– A person mentally capable of caring because that himself, and also who has been legally committed to an school or to the care of one more person.

Interdiction– A legit proceeding to explain a person mentally incapable of caring for himself or herself.

Interest– The portion of property of a human in a property.

Intestate– The state of having died without leave a valid last will and testament.

Inventory– The team of an individual property items, owned by a business solely because that the function of sale quite than use.

Irrevocable – that which have the right to not it is in recalled or revoked.

Judgment– A decision that a court. Also a judicial mortgage.

Kilometer– Unit of length equal to 1,000 meter or 0.6214 state miles.

Land Patent– Land formerly owned through a state or national government as part of the initial public domain that has been voluntarily conveyed by such government to a personal owner through a proceeding authorized by general statute.

Land Grant– A legal document in i beg your pardon the federal federal government conveys land title to one individual.

Leasehold Improvements– items of personal property linked with a tenant that have actually been affixed to the real residential or commercial property owned through a lessor.

Legal Description– Written summary of a property that offer to determine the parcel for all functions of law.

Legatee– One that receives a gift through testatment.

Legitime–The compelled portion.

Lessee– The tenant. Lessor – The landlord.

Lein– A legit claim; privilege.

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

Lien– The legal right to take or organize property the a debtor as payment or defense for a debt.

Link– A land measure of 7.92 inches.

Lis Pendens– A notification of a pending suit.

Major– Of legit age.

Market Value– The many probable price i m sorry a residential property should carry in a competitive and also open industry under all problems requisite come a same sale.

Mass Appraisal– The process of valuing a team of properties as of a given date, using standard methods, employing common data, and enabling for statistics testing.

Meander Line– A traverse that a human body of water for the function of determining the size and also location of the human body of water. They carry out not stand for the border line unless specifically proclaimed in conveyance as such.

Merger– Union of two or an ext entities.

Metes and also Bounds– measurement of angles and distances that a property offered as a legitimate description.

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

Millage– A tax price expressed as mills every dollar.

Mineral Rights– The best to extract ore, petroleum, or other minerals indigenous a property.

Minor– A human under 18 years of period who has actually not to be emancipated.

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

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

Monument– Tangible landmarks indicating boundaries.

More or Less– used in the connection with quantity and also distance wherein the precise amount is uncertain.

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

Mortgage Records– The documents kept by the clerk of court listing all of the mortgages taped within a jurisdiction.

Mortis Causa– A donation offered in contemplation that death.

Movables– an individual property.

Neighborhood– A geographical area wherein the properties are homogeneous and share essential locational characteristics.

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

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

Parcel– A contiguous area the land defined in a solitary legal summary or as among a variety of lots on a plat.

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

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

Personal building (Intangible) –

Personal residential or commercial property (Tangible)– any type of property the is movable and also can be relocated.

Petition of Monition– inquiry made to a formal court after specified period of time to issue clear title upon unredeemed residential property purchased through taxation sale.

Planimetric Map– Map showing features located upon residential property such as structures, roads, and water features.

Plat– A map to plan to display the division of land right into lots or parcels. Upon recordation through the appropriate authorities, land consisted of in the plat can thenceforth be legally defined by reference to the plat, omitting a metes and bounds description.

Point of start (P.O.B.)–In a deed description, that is a reference allude that describes the point at i m sorry a thoreau begins.

Possession– Physical manage of personal or real property.

Power the Attorney– A written authorization in i m sorry one person offers authority to another person to act on his or her behalf.

Prescription– to expire through the passage of time; state of limitations.

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

Property Settlement– judgment rendering the partition that the legacy of a divorce couple.

Public soil Survey mechanism (PLSS)– A rectangular survey system created in the United claims by the soil Ordinance of 1785, consist of of departments into township and also ranges.

Quarter-Quarter– A subdivision that a ar containing 40 acres, additionally known as a forty.

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

Quitclaim Deed– A deed in i beg your pardon the grantor conveys or relinquishes every interests that he or she may have in a property, without warrant regarding the extent or validity of together interests.

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

Range– one of the north-south rows that townships in a U. S. Public soil Survey.

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

Real Property– The land plus noþeles permanently attached to the soil or legally defined as immovable; real estate; realty.

Reassessment– The revaluation of all property, or all property of a offered class, in ~ an assessment district by bespeak of an authorized body.

Recordation– recording an instrument for public record with the clerk of court the a jurisdiction.

Redemption– The procedure by which the owner of property sold at a taxation sale buys earlier the residential property from the purchaser in ~ an intensified price within a stated redemption period.

Register Number- describes the registered conveyance number in i m sorry an tool is filed in the office of the salesman of court.

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

Rendition– A explanation report submitted by the owner the property.

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

Residential Property– property that consists of two or much more living units.

Restriction– A described limitation on use of a property.

Revaluation– A reappraisal of property.

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

Revocable Trust– A trust in i m sorry the grantor that the property organized in trust retains the best to repossess the legal and equitable rights.

Right-of-Way– an easement consist of of a right of passage over or v property.

Riparian Rights– The best that an owner of soil bordering on a river has actually in the water flow in the river, underneath the land, that is banks, or the bed.

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

Scale– The reduction ratio that characterizes a specific map.

Second– One sixtieth the a minute that the one of a circle.

Section– A unit of land about one mile square and also normally containing 640 acres, as laid out by the federal government survey.

Separate Property– That part of the residential property owned by the husband or mam which is no considered neighborhood property.

Servitude– The appropriate of use or enjoyment of soil belonging come another; easement.

Sheriff Sale– Judicial revenue of building to meet a lien or mortgage.

Situs– The ar of a building for purposes of taxation.

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

Split– A an outcome of a division or revenue of property hosted by a single owner into multiple parcels.

Square Foot– A unit of area equal to a square one foot in length on every side.

Subdivision– A tract of soil that has actually been separated into marketable structure lots and also such public and private means as are required for accessibility to those lots, and that is covered by a recorded plat.

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

Subject Property– The residential or commercial property being appraised.

Succession– The passing of home by inheritance or will.

Tax District– any kind of political subdivision having actually or working out the power to raise taxes.

Tax freed Property– Property totally excluded indigenous taxation because of its type or use.

Tax Rate– The amount of tax declared in terms of a unit that the tax base, for example, 30 mills every dollar.

Tax Roll– An main list showing the lot of counting charged versus each taxpayer and/or each property within the jurisdiction the a tax district.

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

Taxable Value– The appraised value minus every applicable partial exemptions, of i beg your pardon the property taxes are levied.

Tenant– One who holds or possesses a property.

Testament– A composed instrument whereby a human being disposes that his estate come take impact upon his death; a will.

Testator/Testatrix– A human being who pipeline a will.

Thread– A heat midway in between the next lines, such as midway in between the banks of a stream.

Title– The union that all elements constituting proof of home ownership or the instrument the is evidence of ownership.

Title Search– An check of public records to for sure the quality of the seller’s title to a property.

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

Township– An around thirty-six mile division of land used in the Federal rectangle-shaped Survey System.

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

Transfer– The plot of changing the ownership of residential property on the evaluate rolls.

Trust Deed– one agreement by which the owner of residential property transfers legal location to a second party, such residential property to it is in held, managed, or disposed of for the benefit of a 3rd party, as set 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 attention in a residential or commercial property that is not distinct from the interest of other owners that the property.

Universal Legatee– A human who receives every one of the residential property of the testator.

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

Use Value– Property completely used because that a particular purpose or usage that entitles the building to be assessed at a various level than others in the jurisdiction.

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

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

Vendee– One that purchases; buyer.

Vendor– One who transfers property by sale; seller.

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

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

Warranty Deed– A deed comprise a agreement of warranty whereby the grantor guarantees that the title that is being moved is totally free from defects.

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

Witness– come attest.

Zoning– The exercise of the police strength to restrict land owners as to the use of your land and/or type, size, and also location of frameworks to be put up thereon.

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ACKNOWLEDGMENTS

Definitions consisted of in the over glossary were complied native the adhering to publications:

Glossary for building Appraisal and also AssessmentInternational association of Assessing OfficersPrinciples and also Techniques the Cadastral MappingIAAO Reference hand-operated of course 600Black’s regulation Dictionary, 5th EditionWest publishing Co.Louisiana Notarial Handbook & examine Guideby Sydney Horn