Morgan's (II-A) Flashcards
List the four government powers.
- Police power
- Taxation
- Eminent domain
- Escheat
___ refers to the State’s authority to provide for the general welfare of the community through legislation and a range of enabling acts (or enabling statutes), that authorize agencies to organize and both implement and enforce their obligations.
Police power
___ is a government power necessary to raise revenue for municipal expenses (schools, roads, etc.).
Taxation
General real estate taxes are referred to as “ad valorem” taxes - what does this mean?
Latin - “at value”
Properties with a higher assessed value pay proportionately more than those with a lesser value
The governmental power of taxation includes the power to place ___ on property in the event of an outstanding special assessment or unpaid general taxes.
Liens
___ refers to the taking of title to real property for some use, public or private, that has been judged by the appropriately authorized governmental entity to be beneficial to the community’s interests.
Eminent domain
Eminent domain represents a type of involuntary alienation of property. Eminent domain involves two steps - what are they?
- Condemnation
2. Just compensation (to the displaced owner)
Which amendment of the Constitution grants eminent domain?
Fifth Amendment
___ refers to the transfer of property ownership from an individual to the State when the individual dies intestate (without a will) and with no known heirs. It also transfers certain types of property to the State at the end of a statutory period of inactivity, as with dormant bank accounts or abandoned property.
Escheat