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Definitions (40)
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true value
synonymous with the preferred term "market value" trust -
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acre
a land measure equal to 43,560 square feet or 160 square rods acreage -
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ad valorem
according to value agricultural land -
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assessed value
a value set on real estate and personal property by a government as a basis for levying taxes; the monetary amount for a property as officially entered on the assessment roll for purposes of computing the tax levy assessment -
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assessment ratio
the fractional relationship an assessed value bears to the market value of the property in question
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book
contains conveyences, which are listed by pages, that have been recorded in the Clerk of Court's office; abbreviatied as "B" chain -
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comparables
recently sold properties that are similar in important respects to a property being appraised; the sale price and the physical, functional, and locational characteristics of each of the properties are compared to those of the property being appraised in order to arrive at an estimate of value deed -
Meaning awaits approval from a moderator |
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depreciation
loss in value of an object, relative to its replacement cost new, reproduction cost new, or original cost, whatever the cause of the loss in value donation -
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easement
a right held by one person to use the land of another person for a specific purpose, such as access to other property estate -
Meaning awaits approval from a moderator |
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et al
and others et ux* -
Meaning awaits approval from a moderator |
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