Vocabulary for Property Rights and Governmental Interests

Question 1

1 foot of water x 1 acre

Answer 1

Acre Foot

Question 2

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

Answer 2

Ad Valorum

Question 3

rights for the area above the property plus caissons

Answer 3

Air Rights

Question 4

runs with the land

Answer 4

Appurtenant

Question 5

when something like taxes is paid after the use

Answer 5

Arrears

Question 6

governmental taxes for improvement, not based on value of property

Answer 6

Assessment

Question 7

the governmental department that determines property taxes

Answer 7

Assessor’s office

Question 8

personal property

Answer 8

Chattel

Question 9

land and appurtenants like mineral rights, tenements, fixtures

Answer 9

Corporeal

Question 10

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

Answer 10

Emblements or Industrial Fruit

Question 11

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

Answer 11

Eminent Domain

Question 12

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

Answer 12

Escheat

Question 13

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

Answer 13

Fixture

Question 14

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

Answer 14

General Plan

Question 15

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

Answer 15

Hereditament

Question 16

tenements on a property are considered what?

Answer 16

Improvements

Question 17

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

Answer 17

Incorporeal right

Question 18

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

Answer 18

Intangible

Question 19

rights for lakes, ponds, seas, seashore

Answer 19

Littoral Rights

Question 20

owner of property owns fruit

Answer 20

Natural Fruits

Question 21

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

Answer 21

Neighborhood plan

Question 22

another name for personal property or chattel

Answer 22

Personalty

Question 23

another word for zoning

Answer 23

Public Control

Question 24

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

Answer 24

Riparian Rights

Question 25

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

Answer 25

Law of Situs

Question 26

personal property that can be moved; something one can hold

Answer 26

Tangible

Question 27

structures

Answer 27

Tenements

Question 28

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

Answer 28

Trade fixture

Question 29

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

Answer 29

Treasurer's Deed

Question 30

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

Answer 30

Variance

Question 31

the system where you own real estate

Answer 31

Alloidal

Question 32

the system where real estate is passed by blood

Answer 32

Feudal

Question 33

mineral rights are an example of what runs with the land

Answer 33

Appurtenant

Question 34

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

Answer 34

MARIA

Question 35

no two parcels are alike

Answer 35

homogenous

Question 36

frozen asset

Answer 36

Fixity

Question 37

location

Answer 37

Situs

Question 38

a deed is this type of property

Answer 38

Personal Property

Question 39

if its not real property then its...

Answer 39

Personal Property

Question 40

how personalty is exchanged

Answer 40

Bill of Sale

Question 41

water that cannot be seen

Answer 41

Groundwater

Question 42

water that can be seen; streams, lakes, ponds

Answer 42

Surface Water

Question 43

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

Answer 43

Dirt

Question 44

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

Answer 44

High water mark

Question 45

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

Answer 45

Lower water mark

Question 46

The plan of cities for their inner core

Answer 46

Urban Develpment

Question 47

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

Answer 47

Confiscation

Question 48

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

Answer 48

Enabling Legislation

Question 49

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

Answer 49

PETE

Question 50

a regulation of structures and uses of property within districts

Answer 50

Zoning

Question 51

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

Answer 51

Property Tax

Question 52

what value are property taxes based on

Answer 52

Assessed Value

Question 53

due dates for first half year property taxes

Answer 53

October 1

Question 54

due date for last half of year property taxes

Answer 54

March 1

Question 55

delinquency dates

Answer 55

Nov 1 and May 1

Question 56

penalty for delinquent taxes

Answer 56

16%

Question 57

rate of taxing for residence

Answer 57

10%

Question 58

rate of taxing for vacant land

Answer 58

16%

Question 59

rate of taxing for commercial/industrial

Answer 59

19%

Question 60

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

Answer 60

Property Tax Lien Sale

Question 61

the successful purchaser of a tax lien receives this certificate

Answer 61

Certificate of Purchase

Question 62

the period of time an owner has to redeem property

Answer 62

Redemption Period

Question 63

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

Answer 63

Treasurer's Deed

Question 64

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

Answer 64

Bundle of Rights

Question 65

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

Answer 65

Beneficial Use

Question 66

another name for lease; personal property

Answer 66

Chattel Real

Question 67

taxation, escheat, eminent domain, police power

Answer 67

Government Rights or Restrictions

Question 68

all underground water except for underground streams;

Answer 68

Groundwater

Question 69

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

Answer 69

Exempt Well

Question 70

fruits or crops produced for income; considered personal property

Answer 70

Industrial Fruit

Question 71

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

Answer 71

Navigable Stream

Question 72

Items that are tangible and moveable; not real property

Answer 72

Personal Property

Question 73

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

Answer 73

Police Power

Question 74

deed restrictions

Answer 74

Private Controls

Question 75

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

Answer 75

Prior Appropriation