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A-1 Chapter 1 AZ Property Rights and Governmental Interest > Vocabulary for Property Rights and Governmental Interests > Flashcards

Vocabulary for Property Rights and Governmental Interests Flashcards

1
Q

1 foot of water x 1 acre

A

Acre Foot

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2
Q

by value; taxes are based on value; assessments are not

A

Ad Valorum

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3
Q

rights for the area above the property plus caissons

A

Air Rights

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4
Q

runs with the land

A

Appurtenant

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5
Q

when something like taxes is paid after the use

A

Arrears

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6
Q

governmental taxes for improvement, not based on value of property

A

Assessment

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7
Q

the governmental department that determines property taxes

A

Assessor’s office

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8
Q

personal property

A

Chattel

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9
Q

land and appurtenants like mineral rights, tenements, fixtures

A

Corporeal

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10
Q

pre-agreed right that seller has to return to the land and harvest crops; cash crops

A

Emblements or Industrial Fruit

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11
Q

permanent condemnation, as might happen for a freeway or public use

A

Eminent Domain

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12
Q

no will, no heirs; 5 years with no claim, county holds property but monies from sale go to state.

A

Escheat

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13
Q

an item that is attached to the property and is now real property; use MARIA to determine

A

Fixture

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14
Q

the master plan a city must have for real estate; allows for orderly growth.

A

General Plan

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15
Q

an incorporeal right where land is inherited; the right ot will another both personal and real property

A

Hereditament

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16
Q

tenements on a property are considered what?

A

Improvements

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17
Q

the rights accompanying ownership of real estate; easements, rights of way and hereditament

A

Incorporeal right

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18
Q

rights that accompany personal property; copyrights, patents and trademarks are this

A

Intangible

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19
Q

rights for lakes, ponds, seas, seashore

A

Littoral Rights

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20
Q

owner of property owns fruit

A

Natural Fruits

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21
Q

city plan for neighborhoods; might be done to establish broader tax base.

A

Neighborhood plan

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22
Q

another name for personal property or chattel

A

Personalty

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23
Q

another word for zoning

A

Public Control

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24
Q

the rights concerning flowing water like rivers and streams; 1st in line, 1st in right

A

Riparian Rights

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25
Q

law of location; jurisdiction like city, county, state; land has an economic value due to location

A

Law of Situs

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26
Q

personal property that can be moved; something one can hold

A

Tangible

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27
Q

structures

A

Tenements

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28
Q

items used in trade that appear to be real property but are not real property

A

Trade fixture

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29
Q

certificate of purchase (deed) when property is sold for non payment of taxes

A

Treasurer’s Deed

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30
Q

change in zoning due to temporary hardship; permission obtained that is contrary to current zoning

A

Variance

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31
Q

the system where you own real estate

A

Alloidal

32
Q

the system where real estate is passed by blood

A

Feudal

33
Q

mineral rights are an example of what runs with the land

A

Appurtenant

34
Q

for fixtures, method of attachment,agreement,relationship, intents, how it fits

A

MARIA

35
Q

no two parcels are alike

A

homogenous

36
Q

frozen asset

A

Fixity

37
Q

location

A

Situs

38
Q

a deed is this type of property

A

Personal Property

39
Q

if its not real property then its…

A

Personal Property

40
Q

how personalty is exchanged

A

Bill of Sale

41
Q

water that cannot be seen

A

Groundwater

42
Q

water that can be seen; streams, lakes, ponds

A

Surface Water

43
Q

when next to water, the owner owns water or dirt?

A

Dirt

44
Q

the measure for owning dirt near abutting streams if it is navigable (banks); highest place on shoreline reached by rising water

A

High water mark

45
Q

the measure for owning dirt near abutting streams if it is non-navigable (middle)

A

Lower water mark

46
Q

The plan of cities for their inner core

A

Urban Develpment

47
Q

when real estate is temporarily limited for the good of the community

A

Confiscation

48
Q

police power through zoning is also know as this type of legislation

A

Enabling Legislation

49
Q

the right to Police, Eminent Domain,, Tax, Escheat

A

PETE

50
Q

a regulation of structures and uses of property within districts

A

Zoning

51
Q

a charge against real estate to raise funds to meet public needs

A

Property Tax

52
Q

what value are property taxes based on

A

Assessed Value

53
Q

due dates for first half year property taxes

A

October 1

54
Q

due date for last half of year property taxes

A

March 1

55
Q

delinquency dates

A

Nov 1 and May 1

56
Q

penalty for delinquent taxes

A

16%

57
Q

rate of taxing for residence

A

10%

58
Q

rate of taxing for vacant land

A

16%

59
Q

rate of taxing for commercial/industrial

A

19%

60
Q

if taxes are delinquent and remain unpaid, the property can go to this sale

A

Property Tax Lien Sale

61
Q

the successful purchaser of a tax lien receives this certificate

A

Certificate of Purchase

62
Q

the period of time an owner has to redeem property

A

Redemption Period

63
Q

if property is not redeemed for 3 years of a tax lien, it is foreclosed and the buyer receives what deed?

A

Treasurer’s Deed

64
Q

the right to use, possess, exclude, transfer, encumber (as in use for collateral UPETE

A

Bundle of Rights

65
Q

refers to use of surface water for industry, agriculture or household use

A

Beneficial Use

66
Q

another name for lease; personal property

A

Chattel Real

67
Q

taxation, escheat, eminent domain, police power

A

Government Rights or Restrictions

68
Q

all underground water except for underground streams;

A

Groundwater

69
Q

a well less than 2 acres, maximum pumping 35 gal/minute

A

Exempt Well

70
Q

fruits or crops produced for income; considered personal property

A

Industrial Fruit

71
Q

Water owned by government for navigation. low water mark is line of demarkation

A

Navigable Stream

72
Q

Items that are tangible and moveable; not real property

A

Personal Property

73
Q

the right of government to enact laws for the protection, health and welfare of the general public

A

Police Power

74
Q

deed restrictions

A

Private Controls

75
Q

Water rights that are based on a government permit system; “1st in time, 1st in right”

A

Prior Appropriation

A-1 Chapter 1 AZ Property Rights and Governmental Interest (1 decks)

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