Chapter 3.C: Legal Issues - Deeds

Question 1

A mode of acquiring property that involves the addition of value to property through labor or the addition of new materials.

Answer 1

Accession

Question 2

The addition of land through processes of nature, as by water or wind.

Answer 2

Accretion

Question 3

According to valuation.

Answer 3

Ad Valorem Taxes

Question 4

A means of acquiring title where an occupant has been in actual, open, notorious, exclusive, and continuous occupancy of property under a claim or right for the required statutory period.

Answer 4

Adverse Possession

Question 5

The increase in the area of land due 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.

Answer 5

Alluvion

Question 6

A valuation placed upon property by a public officer or a board, as a basis for taxation.

Answer 6

Assessed Value

Question 7

A city, county, town or village with the authority to value real property for purposes of taxation.

Answer 7

Assessing Unit

Question 8

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.

Answer 8

Approved Assessing Unit

Question 9

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.

Answer 9

Assessments

Question 10

An independent tribunal established to hear assessment appeals.

Answer 10

Assessment Review Board

Question 11

An appropriation of land to some public use, made by the owner, and accepted for such use by or on behalf of the public.

Answer 11

Dedication

Question 12

Land that has been put aside for a public use by a deed which states exactly what the property will be used for.

Answer 12

Dedication by Deed

Question 13

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 an property owned by others.

Answer 13

Homestead

Question 14

Real property that does not meet the definition of homestead. Non-homestead real property is generally counted as an asset; however, it is considered unavailable during the time the client make a reasonable effort to sell the property.

Answer 14

Non-Homestead

Question 15

A term that is used for a gift of land that is from the government.

Answer 15

Public Grant

Question 16

A proceeding against the reality directly; as distinguished from a proceeding against a person. (Used in taking land from nonpayment of taxes, etc.)

Answer 16

In Rem

Question 17

A supreme 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 patent and to their heirs and their assigns forever.

Answer 17

Land Patent

Question 18

An assessment of tax.

Answer 18

Levy

Question 19

A legal right or claim upon a specific property which attaches to the property until a debt is satisfied.

Answer 19

Lien

Question 20

A term used in describing the boundary lines of land, seeing forth all the boundary lines together with their terminal points and angles.

Answer 20

Metes & Bounds

Question 21

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.

Answer 21

Reference to a Plan

Question 22

An assessment made against a property to pay for a public improvement by which the assessed property is supposed to be especially benefited.

Answer 22

Special Assessment

Question 23

A geographic area in which the market value of real estate is enhanced due to the influence of a public improvement and a in which as tax is apportioned to recover the costs of the public improvement.

Answer 23

Special Assessment Districts

Question 24

The process by which a parcel or land is measured and its area ascertained; also the blueprint showing the measurements, boundaries and area.

Answer 24

Survey