Property Descriptions Flashcards

1
Q

Metes and bounds: a method of describing real property that uses _________ and ____ __________ with direction and distances to define and describe the boundaries of the land.

A

geography and land features

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Rectangular survey system: traditional method of surveying property and measures factors such as the precise length of ___ ____, _____ _________ (flora/fauna), surface and land soil.

A

Rectangular survey system: length of line run, natural materials, surface and land soil.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Most commonly used method to survey and spatially identify land or property parcels before designating ownership, whether for sale or transfer.

A

Government or US public land system

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

A survey method that refers to a square unit of land, that is six miles on each side.

A

Townships

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Each 36 square mile township is divided into __ one-square mile sections that can be further subdivided for sale.

A

36 one-square mile sections

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Method that use a principal meridian line used for survey control in a large region, which divides township between north/south/east/west.

A

Principal meridians

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Base lines run _______.

A

Horizontally; east to west.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Meridians run ________.

A

Vertical; north to south.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

The three base line-meridian intersections used in California are:

A
  1. Humboldt Base Line and Meridian (HBBM)
  2. Mt. Diablo Base Line and Meridian (MDBM)
  3. San Bernardino Base Line and Meridian (SBBM)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Humboldt Base Line and Meridian (HBBM)

A

Northern part of California.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Mt. Diablo Base Line and Meridian (MDBM)

A

Middle part of California.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

San Bernardino Base Line and Meridian (SBBM)

A

Southern part of California.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Recorded plat

A

Also known as the lot and block survey system; this system is used for lots in a variety of areas.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Assessor’s parcel number; APN

A

Also known as an appraisal’s account number; a number assigned to parcels of property by the state’s jurisdiction for identification and record-keeping.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

The U.S. government has the right to take private property for public use through the power of ________ _________ and expropriation or taking power.

A

eminent domain

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

_________ is the transfer of one’s property who doesn’t have heirs when he/she dies.

A

Escheatment

17
Q

T/F
Multiple areas, or jurisdictions, can tax the same property at a time if it is being utilized in more than one area of claims more than one address.

A

True

18
Q

__ ___________ taxes are taxes created specifically based on the monetary value of the property as a whole. This is the most common type of property tax and is usually created at the time of the purchase of the property, although it can be done on an annual basis as well.

A

Ad valorem taxes

19
Q

This California law specifics how often real property may be assessed or reassessed. Property owners who disagree with the assessment of their property may appeal to the Board of Equalization by presenting an independent appraisal.

A

Proposition 13

20
Q

Property Tax Postponement applies to homeowners age __ years an older. It is a property tax relief that allows low-income homeowners __ years of age and older to postpone property tax payment until their principal residence is either sold or no longer occupied.

A

62 years of age or older

21
Q

The __________ Assistance Program allows homeowners 62 years and older to qualify for a property tax rebate. It’s also available to qualifying low-income seniors.

A

Homeowners Assistance Program

22
Q

________ generally refers to a person’s property, entitlement or assets, but is usually applied to a large parcel of land that includes the real and personal property. They’re usually owned by individual or joint ownership or title by contract.

A

Estate