Chapter 3.C. Flashcards
Accession
A mode of acquiring property that Involves the addition of value to property through labor or the addition of new materials.
Accretion (срастание)
The addition of land through processes of nature, as by water or wind.
Ad Valorem Taxes
According to valuation
Alluvion (наводнение )
The increase in the area of land dues to sediment deposited by a river. This changes the size of a piece of land ( a process called accretion) and thus its value over time.
Assessed Value
A valuation placed upon property by a public officer or a board, as a basis for taxation.
Assessing Unit
A city, county, town or village with the authority to value real property for purposes of taxation.
Approved assessing unit
A city or town which has been certified by the state board of real property tax services to have completed a revaluation or an update in conformance with its rules and regulations.
Assessments (შეფასებები)
A charge against real estate made by a unit of government to cover a proportionate cost of an improvement such as a street or sewer.
Assessment review board
An independent tribunal established to hear assessment appeals.
Dedication
An appropriation ( მითვისება) of land to some public use, made by the owner, and accepted for such use by or on behalf of the public.
Dedication by Deed
Land that has been put aside for a public use by a deed which states exactly what the property will be used for.
Homestead ( საკარმიდამო)
The home which is owned by and is the usual residence of the client along with all the surrounding land and any building on that land, provided the land is not separated from the home by ab property owned by others.
Non-homestead
Real property that does not meet the definition of homestead. Non-homestead real property is generally as an asset. however, it is considered unavailable during the time the client make a reasonable effort to sell the property.
Public grant
A term that is used for a gift of land that is from the government.
In Rem
A proceeding against the reality directly. As distinguished from a proceeding against a person. (used in taking land from nonpayment of taxes.)
Land Patent
title to land which was originally acquired within the united states of America by a treaty. It grants the rights to the described land under the treaty to the individual person named on the parent and to their hears and their assigns forever.
Levy ( გადასახადი)
An assessment of tax ( გადასახადის შეფასება)
Lien
A legal right of claim upon a specific property which attaches to the property until a debt is satisfied.
Metes and bounds
A term used in describing the boundary lines of land, seeing forth all the boundary lines together with their terminal points and angles.
Reference to a Plan
A section of a deed that may refer to a plat map, which includes the block and lot number of a particular piece of property.
Special Assessment
An assessment made against a property to pay for a public improvement by which the assessed property is supposed to be especially benefited.
Special assessment districts
A geographic area in which the market value of real estate is enhanced due to the influence f a public improvement and in which as tax is apportioned to recover the costs of the public improvement.
Survey
The process by which a parcel or land is measured and its area ascertained. ( დადგენა) also the blueprint showing the measurements, boundaries and area.
This consists of the written words which delineate a specific piece of real property?
Description