Intro Flashcards
Land includes both land and ____________
It also includes everything under the surface including _________ resources in their __________ state
Water
Natural
Natural
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T/F Land does not include the air above the surface of the earth to the height that is the airspace reserved by the government
False
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A __________ is a contiguous area of land described in a single description of as one of a number of lots on a plat; separately owned, either publicly or privately; and capable of being separately conveyed
A - Bundle of Rights
B - Land
C - Parcel
D - Escheat
C - Parcel
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What are the 3 guidelines that every county should develop?
1 - ___________ valuation guidelines
2 - ___________ valuation guidelines
3 - ___________ valuation guideline
Land
Residential
Commercial
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7 Steps of Developing a Land Valuation Guidelines
1 - _______ maps
2 - ________ all pertinent _____________ data
3 - Collect, ______ and analyze _____ sales
4 - Locate and mark all ______ land sales on the maps using appropriate _____ of __________
5 - Finalize Neighborhood __________ based on market sales
6 - Designate a _____ for each highest and best use classification
7 - Include a _________ of ________ factors for physical characteristics…
1 - Assemble
2 - Collect, neighborhood
3 - verify, land
4 - valid, units, comparison
5 - boundaries
6 - rate
7 - schedule, adjustment
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