Unit 2 Flashcards

1
Q

Police Power

A

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

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2
Q

Planning and Zoning

A

Ordinances (Local laws)

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3
Q

Master comprehensive development plan

A

Land studies show the present and anticipated future uses of properties
Base industry - Citrus (big)
Service industry - Retail (small)

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4
Q

Implementation

A

Acceptable uses and density
1. Residential
2. Commercial
3. Industrial/ manufacturing
4. Agricultural
5.) Planned unit development (PUD) / mixed use

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5
Q

Buffer zone

A

Is a strip of land that separates two drastically different land use zones

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6
Q

Florida state code

A

Our building code

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7
Q

Land use restrictions

A

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

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8
Q

Example: A parcel measures 200° frontage by 300° deep. The setback is 30°. What is the net buildable area?

A

300 - 30 setback = 270 net buildsble depth x 200 width = 54,000 square feet net buildable

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9
Q

Amendment is a zoning change for an entire area

A

Could cause legally non conforming use

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10
Q

Nonconforming use

A

Allows owner to continue present use that no longer complied with current zoning
Not allowed to undergo structural changes

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11
Q

Taxation
Total property values

A

-government owned properties
-value of properties owned by non profits
-homestead exemptions
Total taxable value
Mill rate

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12
Q

9 mils

A

.009

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13
Q

Immune properties

A

Government properties, military, court house, etc
Not assessed and not taxed

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14
Q

Exempt properties

A

Churches and non profits
Subject to taxation but don’t pay
(People in neighborhood pay their taxes)

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15
Q

Total property values

A

Government owned - immune
Non profit -

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16
Q

Partially exempt

A

Homestead - property owned and occupied as principal residence
Subject to taxation but partially relieved

17
Q

Constitution of homestead protection

A

Protects
-personal loans
-credit card debt

Not protected
-property taxes
-special assessments
-mortgages
-vendors liens
-construction liens

18
Q

Property size limitations

A

160 acres outside city
1/2 acre within the city

19
Q

County, city, and school property taxes

A

Determined yearly by county property appraiser

20
Q

Assessed value =

A

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

21
Q

SOH only for

A

Homestead property

22
Q

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. = +_________

A

= +$2,130

23
Q

Special Assessments

A

-Charges against properties that be if it from public improvements
-Lien is second after property tax

24
Q

Federal income Taxes

A

-Mortgage interest on home purchase
-Interest on home equity loans
-Loan origination fees and points
-Property taxes

25
Q

Deductions for investment property

A

Operating expenses (not reserves for replacement)
-Mortgage interest
-Straight line depreciation on improvements (not land)
39 years nonresidential

26
Q

$200,000
- $40,000

A

=$160,000

27
Q

$160,000 -/- 27.5

A

$5,818

28
Q

Eminent Donain

A

To take private land for public use

29
Q

Procedure

A

The procedure is called
“Condemnation

30
Q

What’s the right of the government to take private lands for public use?

A

Eminent domain

31
Q

What’s the procedure that’s used by the government to take private lands for public use?

A

Condemnation

32
Q

The procedure is called

A

Condemnation

33
Q

Just compensation is

A

Fair price plus “damages”

34
Q

Effect

A

-Government purchases and takes ownership
-Ownership and tenant rights are terminated