A-1 Property Rights: Private and Government Flashcards
Property taxes are levied
Annually
The measure for water:
Flowing cubic feet per second, non flowing water is acre foot (43560 cu ft)
The process by which an applicant can request deviation from the set of rules a municipality applies to land use and land development, typically a zoning ordinance, building code or municipal code.
Variance
A term describing payments made after a service has been provided.
Payment in arrears
The winner of tax lien interest auction receives
Certificate of Purchase
Government retains 4 basic rights over property
Police, Eminent Domain, Taxation, Escheat
The county treasurer may put a tax lien up for sale:
In the February following the owner’s notification of delinquency.
Backbone of Zoning, code enforcement and city planning
Police Power
Personal Property aka “Personalty”: Include such items as Trade fixtures, and furniture.
Chattel
Property bordering lakes and oceans
Littoral rights
Non-navigable body of water
Property line extends to the low water line.
The reversion to the state of property after death, usually involves personal , rather than real property. The state can sell after 5 years (goes to state’s general fund)
Escheat
Annexation
Attaching personal property to real property
Feudal System
King owned all the land
Allodial System
Kings power limited - land can be inherited - To include real property rights “Bundle of Rights” D.E.E.P.C
A master plan adopted by a local planning commission may not be concerned with matters of
Deed restrictions
Naturally growing plants are considered __________ property.
Real
Example of Emblements ___________ . And are __________ property
Crops also called fructus industriales considered personal property
Characteristics of Real Property
Physical - Immobility, no two parcels are the same (nonhomogeneity), situs (location) and indestructibility
Economic - Scarcity, Modification, Fixity
35 gallons per minute and will water less than 2 acres.
An exempt domestic well
Often a 20 year bond added to property taxes and used to pay facilities (road, sewer, fire facilities)
CFD (community Facility District)
Real Property

Corporeal- Land, house agree, Barn (tenements); Incorporeal- rights Hereditaments and right of way
Police Power examples
Zoning, building codes, subdivision, regulations, environmental. Legislation thru enabling acts.
Taxation of Real Estate is the Jurisdiction of:
City and state