Unit 2 Flashcards
Police Power
Government has the right to enact land use controls
-To protect public health, welfare and safety
-To ensure that land uses are compatible with surroundings
-Allow orderly and stable growth
Planning and Zoning
Ordinances (Local laws)
Master comprehensive development plan
Land studies show the present and anticipated future uses of properties
Base industry - Citrus (big)
Service industry - Retail (small)
Implementation
Acceptable uses and density
1. Residential
2. Commercial
3. Industrial/ manufacturing
4. Agricultural
5.) Planned unit development (PUD) / mixed use
Buffer zone
Is a strip of land that separates two drastically different land use zones
Florida state code
Our building code
Land use restrictions
Inspections to price evidence of compliance
Setback- restriction in the area you can build
Side yard set back 10ft
Rear 10 ft
Front 30 ft set back
Example: A parcel measures 200° frontage by 300° deep. The setback is 30°. What is the net buildable area?
300 - 30 setback = 270 net buildsble depth x 200 width = 54,000 square feet net buildable
Amendment is a zoning change for an entire area
Could cause legally non conforming use
Nonconforming use
Allows owner to continue present use that no longer complied with current zoning
Not allowed to undergo structural changes
Taxation
Total property values
-government owned properties
-value of properties owned by non profits
-homestead exemptions
Total taxable value
Mill rate
9 mils
.009
Immune properties
Government properties, military, court house, etc
Not assessed and not taxed
Exempt properties
Churches and non profits
Subject to taxation but don’t pay
(People in neighborhood pay their taxes)
Total property values
Government owned - immune
Non profit -
Partially exempt
Homestead - property owned and occupied as principal residence
Subject to taxation but partially relieved
Constitution of homestead protection
Protects
-personal loans
-credit card debt
Not protected
-property taxes
-special assessments
-mortgages
-vendors liens
-construction liens
Property size limitations
160 acres outside city
1/2 acre within the city
County, city, and school property taxes
Determined yearly by county property appraiser
Assessed value =
Just value minus Save Our Home exemption on homesteads
A. SOH cape the annual increase of assessed value.
Lesser of 3% or CPI change
$200,000
X .3%
6,000
SOH only for
Homestead property
Using the above information, if the school mill rate is five in the city and county Millbrae is 15. What is the amount of the property tax?
$167,000 x.005 = $ 835 (school)
$142,000 x.015. = +_________
= +$2,130
Special Assessments
-Charges against properties that be if it from public improvements
-Lien is second after property tax
Federal income Taxes
-Mortgage interest on home purchase
-Interest on home equity loans
-Loan origination fees and points
-Property taxes
Deductions for investment property
Operating expenses (not reserves for replacement)
-Mortgage interest
-Straight line depreciation on improvements (not land)
39 years nonresidential
$200,000
- $40,000
=$160,000
$160,000 -/- 27.5
$5,818
Eminent Donain
To take private land for public use
Procedure
The procedure is called
“Condemnation
What’s the right of the government to take private lands for public use?
Eminent domain
What’s the procedure that’s used by the government to take private lands for public use?
Condemnation
The procedure is called
Condemnation
Just compensation is
Fair price plus “damages”
Effect
-Government purchases and takes ownership
-Ownership and tenant rights are terminated
