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Glossary

Terms most frequently used in the assessment practice, mapping, and the transport of ownership.

Abatement– An main reduction of assessed valuation after perfect of the original assessment.

Abstract– Compiled info containing every one of the instruments that have actually been videotaped affecting a certain property.

Access– The ideal of egress from and also ingress come a residential property from an present highway or street.

Accretion– The process by which new soil is accumulated, as to the banks of a river or stream.

Acre– A soil measure equal to 43,560 square feet.

Acreage– Usually big tracts that land mostly used for farmland, timberland, or idle floor in rurallocations; building that has not been split into smaller sized parcels for residential purposes.

Ad Valorem Tax– A taxation levied in proportion come the value of building being taxed.

Adjacent– building in the neighborhood or vicinity of another property.

Adjoining– share a residential property boundary; contiguous.

Adjudicated Property– home which is taken by a jurisdiction with judicial method uponnon-payment of taxes.

Adverse Possession– The to exclude, occupation and consistent possession of another’s realproperty under an obvious claim of title or right.

Aerial Photography– A picture of a component of the earth’s surface ar taken by an aircraftsupportedcamera or satellite.

Affidavit– A written form of one affirmed or sworn statement.

Agricultural Property– boosted or unimproved land the is devoted to or easily accessible for theproduction of crops and/or agricultural products, livestock, and agricultural support buildings.

Alluvion– land which creates upon the financial institution of a flow or stream, either by accumulation ofmaterial or recession of water.

Amendment– A adjust correcting an error or altering part of an covenant without an altering the rule idea.

Annex– To sign up with a smaller, subordinate residential or commercial property to a larger or an ext dominant property.

Appeal– A process in which a home owner contests one assessment one of two people informally or formally.

Appraisal– The action of estimating the financial value that property.

Appraisal ratio Study– A ratio study utilizing independent skilled appraisals as indications of market value.

Appreciation– increase in worth of property, in regards to money, from reasons other than additions and betterments.

Appurtenance– Any enhancement to a home that becomes part of that property.

Ascendants– Those heirs in a ascending line.

Assess– to value residential property officially for the function of taxation.

Assessed Value – A value set on building by a federal government as a basis for levying taxes.

Attest– come witness.

Authentic Act– An plot passed prior to a notary public and two witnesses.

Avulsion– The sudden and tearing far or separation of soil by violent activity of water.

Bearing– Direction of a heat measured together the acute angle from a referral meridian.

Board of Review– A public body having actually jurisdiction over an evaluate district, fee with evaluating the assessment rolls, and empowered, on very nice to revise individual assessments.

Bond for Deed– A contract for sale in i beg your pardon the seller retains title to the property until the the person who lives completes the contracted payments.

Book and Page– refers to the conveyance book and page number in i beg your pardon an tool is filed in the office the the clerk of court; volume reference

Boundary– A line the marks the outermost level area, or a division between areas, such as a residential or commercial property or property boundary.

CAD– computer Aided Drafting.

Cadastral Map– A scale map displaying home ownership boundaries; also known together a cadastre.

Call– The designation the visible organic objects, monuments, courses, distances, or other matter of description as limits of the boundaries.

CAMA– (Computer-assisted fixed appraisal) A mechanism that incorporates computer-supported statistics analyses to assist in estimating value.

Cardinal Direction– directions expressed as either due north, south, east, or west.

Center Line– describes the facility of a street, road, or right-of-way gift midway between thesides.

Certificate the Redemption– The evidence of buying ago or redeeming a home by the owner after ~ loss through a judicial sale.

Chain– A land measure up of 66 feet.

Chord– A right line connecting the tangents of a curve.

Cloud that Title– any type of valid claim, encumbrance, or lien that might impair the title to genuine property.

Codocil– A complement or addition to a will.

Collateral Heirs– brother of a deceased person.

Commercial Property– Generally any type of realty that a commercial enterprise.

Common Area– an area of residential or commercial property that is not designated for rental or sale, i m sorry is easily accessible for typical use by all tenants and also owners.

Community Property– residential or commercial property owned together by a husband and also wife.

Consideration– The quantity of money and other value products or solutions on i beg your pardon a buyer and a seller agree, come consummate a sale.

Contiguous– sharing a building boundary; adjoining.

Contour– one imaginary line on the ground, all points the which room at the exact same elevation over or listed below a specified reference surface.

Conveyance– Legal records that move ownership that property.

Conveyance Records– The record of every sales the immovable residential or commercial property kept by the salesman of court in a jurisdiction.

Coordinates– linear or angular quantities that point out the position of a point in a provided reference system.

Cost– In appraisal, the expense, direct and also indirect, of building an improvement.

Covenant– A restriction ~ above a property.

Credit Deed– an instrument conveying immovable residential property on credit terms; vendor’s lien.

Curator/Curatrix– A guardian appointed by the court come take treatment of the heritage of an it is not enough ability person.

Dation En Paiement– A offering by a debtor and also receiving by a creditor of home in lieu of monetary payment for a debt.

Decedent– A deceased person.

Degree– One 360th the the one of a circle.

Descendants– Those heirs in the descending line.

Depreciation– loss in value of an object, relative to the replacement expense new, reproduction costnew, or original cost, whatever the cause of the lose in value.

Deed Restriction– A limitation to residential or commercial property rights that transfers with the building regardless ofthe owner.

Domicile– That particular locality within a human is legally considered to have actually his or she truehome or ar of abode; residency.

Donation– A gift of residential property by a donor come a donee.

Donee– One who receives home through a donation.

Donor– One who provides or donates property in a donation.

Double assessed– double assessments being made top top the exact same parcel.

Easement– A right hosted by one human being to usage the land of another for a certain purpose, such asaccess to an additional property.

Egress– an outlet or exit or means of exiting.

Emancipation– come elevate a minor to the standing of an adult in the eyes of the law.

Eminent Domain– The right through which a sovereign federal government may obtain private home forpublic usage upon payment that reasonable compensation, however without consent the the owner.

Encroachment– The innocuous trespassing the an innovation on the domain of anotherperson’s land.

Encumbrance– any kind of limitation that affects rights and value.

Equalization– The process by i m sorry an suitable government human body attempts come ensure that allproperty under that jurisdiction is assessed in ~ the same assessment ratio or at the ratio required bylaw.

Escheat– The best to have actually property revert to the state because that nonpayment of count or when thereare no legit heirs the someone who dies there is no leaving a will.

Escrow– A written instrument that by its terms imparts a legal obligation yet that is placed by thegrantor in the hands of a third party, come be organized by that or her till the occurrence or nonoccurrenceof a specified event, then just to be delivered to the grantee and to take it effect.

Estate– The accumulation property of every descriptions left by a decedent.

Estate Tax– A tax based on the worth of the legacy of a deceased person.

Et al– and others.

Et seq– and also following.

Et ux– and wife.

Et vir– and husband.

Exchange Deed– instrument wherein 2 or much more persons mutually exchange equitableproperties.

Executor/Executrix– human designated through a will to provide an estate.

Executory Process– An increased procedure for foreclosing a mortgage or vendor’s lien.

Exemption– Excludes building from taxation without regard come its value; a palliation in the home tax base.

Expropriation– The exercise of the right of eminent domain come secure legal location to exclusive property forced by public use.

Façade– The key exterior face of a structure.

Fee Simple– In land ownership, finish interest in a property, subject only to government powers.

Fiduciary– A person having actually the nature of a trust.

Field Review– The practice of reviewing the reasonableness the assessments by viewing the nature in question.

Forty– A subdivision of a section containing 40 acres, and also described as being a quarter-quarter.

Fractional Section– A subdivision the a township containing less than 640 acre of land.

Frontage– The extent of a package of land follow me a street, road, river, or various other traffic artery on i m sorry the thoreau is said to face.

Geographic details System (GIS)– A database management system offered to store, retrieve, manipulate, analyze, and display spatial information; a kind of mapping system qualified of completely spatial data and attribute data among different class on a basic map.

Global Positioning device (GPS)– A navigational and also positioning system through which the place of a place on or above the earth can be figured out by a special receiver at that suggest interpreting signals received simultaneously from numerous of a constellation of one-of-a-kind satellites.

Government Lot– among the nonrectangular areas into which sections not evenly or about divisible into square forty-acre tracts were divided in the food of the federal government survey.

Government Survey– A ground inspection authorized by the continental Congress in 1775 and subsequent acts, in which the land was split into townships about six mile square, each township usually containing thirty-six sections and also each section normally containing 640 acres. Additionally known as the public Land survey System.

Grantee– One who acquires residential property by voluntarily conveyance.

Grantor– One who voluntarily conveys property, whether by sale, gift, lease, or otherwise.

Hectare– Unit of soil measure equal to 100 meter square. Indistinguishable to 2,471 acres. Homestead

Exemption– liberty of component or all of the value of one owner populated property from residential or commercial property taxation.

Immovable Property– genuine estate; real property; realty.

Improvement– any kind of structure or additions erected ~ above property.

Industrial Property– Generally any type of property supplied in a manufacturing activity.

Ingress– An enntrance gate or means of entering.

Instrument– A officially legal record such as a deed, contract, will, or lease.

Inter Vivos– between livings persons.

Interdict– A person mentally qualified of caring because that himself, and who has been legally committed to an school or come the treatment of another person.

Interdiction– A legal proceeding to declare a person mentally i can not qualify of caring for self or herself.

Interest– The part of ownership of a human being in a property.

Intestate– The state the having died without leaving a valid critical will and testament.

Inventory– The team of an individual property items, owned by a company solely because that the objective of sale rather than use.

Irrevocable – the which deserve to not be recalled or revoked.

Judgment– A decision the a court. Additionally a judicial mortgage.

Kilometer– Unit of length equal come 1,000 meter or 0.6214 statute miles.

Land Patent– Land formerly owned by a state or national federal government as component of the initial public domain that has been voluntarily conveyed through such federal government to a exclusive owner by a proceeding authorized by basic statute.

Land Grant– A legal paper in which the federal federal government conveys land location to an individual.

Leasehold Improvements– items of an individual property connected with a tenant that have actually been affixed come the real building owned by a lessor.

Legal Description– Written summary of a home that serve to determine the parcel for all objectives of law.

Legatee– One that receives a gift by testatment.

Legitime–The forced portion.

Lessee– The tenant. Lessor – The landlord.

Lein– A legit claim; privilege.

Levy– The total amount that money to be elevated from the building tax as set forth in the spending plan of a taxing jurisdiction.

Lien– The legal best to take it or organize property the a debtor together payment or protection for a debt.

Link– A land measure up of 7.92 inches.

Lis Pendens– A notice of a pending suit.

Major– Of legitimate age.

Market Value– The many probable price i m sorry a residential or commercial property should lug in a competitive and open sector under all problems requisite to a same sale.

Mass Appraisal– The process of valuing a team of properties together of a provided date, using conventional methods, employing typical data, and enabling for statistics testing.

Meander Line– A traverse that a body of water because that the function of determining the size and also location that the human body of water. They perform not represent the border line uneven specifically declared in conveyance together such.

Merger– Union of two or much more entities.

Metes and also Bounds– measure of angles and also distances that a property offered as a legit description.

Mill– One mill is one-thousandth that one disagreement or one-tenth of one cent.

Millage– A tax price expressed as mills per dollar.

Mineral Rights– The ideal to extract ore, petroleum, or other minerals native a property.

Minor– A human being under 18 years of age who has not been emancipated.

Minute– One sixtieth that a level of the one of a circle.

Misdescription– one error in the composed legal summary of a property.

Monument– Tangible landmarks denote boundaries.

More or Less– provided in the link with quantity and distance where the exact amount is uncertain.

Mortgage– A approving of a privilege or lien on a movable or immovable property.

Mortgage Records– The documents kept through the salesman of court listing every one of the mortgages taped within a jurisdiction.

Mortis Causa– A donation provided in contemplation the death.

Movables– personal property.

Neighborhood– A geographic area whereby the properties space homogeneous and also share vital locational characteristics.

Onerious Donation– A donation offered after the performance of a stipulated condition.

Ordinance– A state or law that designates an enactment by a county’s or municipal corporation’s legislative branch body.

Parcel– A contiguous area the land defined in a single legal description or as one of a number of lots ~ above a plat.

Parcel to know Number (PIN)– A numeric or alphanumeric description of a parcel the identifies that uniquely.

Partition– An instrument in which residential or commercial property is divided in between two or an ext owners.

Personal residential or commercial property (Intangible) –

Personal residential or commercial property (Tangible)– any type of property that is movable and also can be relocated.

Petition of Monition– request made to a formal court ~ specified duration of time to problem clear location upon unredeemed residential property purchased through taxes sale.

Planimetric Map– Map showing features located upon property such together structures, roads, and also water features.

Plat– A map to plan to display the division of land into lots or parcels. Upon recordation with the ideal authorities, land included in the plat deserve to thenceforth it is in legally described by reference to the plat, omitting a metes and also bounds description.

Point of beginning (P.O.B.)–In a deed description, that is a reference suggest that explains the allude at which a parcel begins.

Possession– Physical control of an individual or actual property.

Power the Attorney– A created authorization in which one person gives authority to one more person to act on his or her behalf.

Prescription– to expire through the passage of time; statute of limitations.

Probate– To open a succession in which a will is left, and also the presentation of the will certainly to a judge for adjudication.

Property Settlement– referee rendering the partition of the assets of a divorced couple.

Public soil Survey mechanism (PLSS)– A rectangle-shaped survey system established in the United states by the soil Ordinance the 1785, consist of of divisions into township and also ranges.

Quarter-Quarter– A subdivision of a section containing 40 acres, additionally known together a forty.

Quarter Section– A subdivision that a ar containing 160 acres.

Quitclaim Deed– A deed in i m sorry the grantor conveys or relinquishes all interests the he or she may have actually in a property, there is no warrant regarding the level or validity of such interests.

Quiet Title– An action at law to eliminate an adverse insurance claim or cloud ~ above the location of the property.

Range– among the north-south rows of townships in a U. S. Public floor Survey.

Ratio Study– A examine of the relationship between appraised or assessed values and market values.

Real Property– The floor plus anything permanently attached to the land or legally defined as immovable; genuine estate; realty.

Reassessment– The revaluation of all property, or all residential or commercial property of a offered class, within an assessment ar by order of an authorized body.

Recordation– record an instrument for public record with the clerk of court of a jurisdiction.

Redemption– The process by i m sorry the owner of residential property sold in ~ a tax sale buys back the property from the purchaser at an intensified price in ~ a mentioned redemption period.

Register Number- describes the registered conveyance number in which an tool is filed in the office that the salesperson of court.

Relief– The sports in elevation between the high and also low components of a surface.

Rendition– A statements report it is registered by the owner the property.

Reservation– A ideal or privilege scheduled by the grantor the property.

Residential Property– residential property that includes two or an ext living units.

Restriction– A defined limitation on use of a property.

Revaluation– A reappraisal the property.

Reversion– The return of property to a grantor in a deed should restrictions be violated or the ax of the conveyance ends.

Revocable Trust– A to trust in which the grantor that the property hosted in trust retains the ideal to repossess the legal and also equitable rights.

Right-of-Way– an easement consists of a right of passage over or v property.

Riparian Rights– The right that an owner of land bordering top top a river has actually in the water flow in the river, underneath the land, the banks, or that is bed.

Rod– A land measure up of 16-1/2 feet; likewise called a pole.

Scale– The reduction ratio that characterizes a certain map.

Second– One sixtieth of a minute that the circumference of a circle.

Section– A unit of land about one mile square and also normally include 640 acres, as laid out by the government survey.

Separate Property– That component of the residential or commercial property owned by the husband or mam which is no considered ar property.

Servitude– The ideal of usage or enjoyment of floor belonging come another; easement.

Sheriff Sale– Judicial sale of property to meet a lien or mortgage.

Situs– The location of a residential or commercial property for functions of taxation.

Spatial– refers to the ar of, proximity to, or orientation of objects v respect come one another.

Split– A an outcome of a division or sale of property held by a solitary owner right into multiple parcels.

Square Foot– A unit that area equal to a square one foot in size on each side.

Subdivision– A street of floor that has actually been split into marketable structure lots and such public and also private means as are forced for accessibility to those lots, and that is covered by a videotaped plat.

Subdivision Plat– A plat reflecting the ar of a subdivision and also its layout right into lots, streets, alleys, and also the like.

Subject Property– The residential or commercial property being appraised.

Succession– The happen of home by inheritance or will.

Tax District– any kind of political subdivision having actually or working out the power to levy taxes.

Tax exempt Property– Property totally excluded indigenous taxation since of its kind or use.

Tax Rate– The quantity of tax stated in regards to a unit of the taxation base, for example, 30 mills per dollar.

Tax Roll– An official list showing the quantity of counting charged versus each taxpayer and/or each home within the jurisdiction that a taxation district.

Tax Sale– sale of a taxpayer’s property by windy authority for non-payment of delinquent taxes.

Taxable Value– The appraised worth minus all applicable partial exemptions, of which the building taxes are levied.

Tenant– One that holds or own a property.

Testament– A created instrument whereby a human being disposes that his estate to take result upon his death; a will.

Testator/Testatrix– A human who pipeline a will.

Thread– A line midway between the next lines, such together midway between the banks of a stream.

Title– The union of all aspects constituting proof of residential property ownership or the instrument the is evidence of ownership.

Title Search– An examination of public records to certain the top quality of the seller’s location to a property.

Topographic Map– A map reflecting the horizontal and also vertical locations of natural and artificial features; key map.

Township– An approximately thirty-six mile division of land used in the Federal rectangle-shaped Survey System.

Township Plat– A plat of survey of a township ready by, or under the direction of, the unified States general Land Office.

Transfer– The act of changing the ownership of home on the evaluate rolls.

Trust Deed– one agreement whereby the owner of building transfers legal title to a second party, such residential property to it is in held, managed, or disposed of because that the benefit of a 3rd party, as set forth in the agreement.

Trustee– One who holds legal title to residential property under a trust agreement.

Tutor/Tutrix– A guardian of a minor.

Undivided Interest– An attention in a home that is not distinct from the interest of other owners of the property.

Universal Legatee– A person who receives every one of the property of the testator.

Unrecorded– A deed, etc., which has not been filed because that public document in the office the the salesperson of court.

Use Value– Property entirely used for a details purpose or usage that entitles the property to be assessed in ~ a different level than others in the jurisdiction.

Usufruct– The best to enjoy and also receive the benefits from building without the power to dilute or alienate the property.

Usufructuary– The person who has or is granted the usufruct the property.

Vendee– One that purchases; buyer.

Vendor– One that transfers residential or commercial property by sale; seller.

Vendor’s Lien– one instrument conveying immovable residential or commercial property on credit transaction terms; credit transaction deed.

Volume Reference- describes the conveyance book and page number in i beg your pardon an instrument is filed in the office that the salesperson of court.

Warranty Deed– A deed comprise a covenant of warranty through which the grantor assures that the title that is being moved is free from defects.

Will– A composed instrument by which a person disposes of his estate come take impact upon his death; testament.

Witness– come attest.

Zoning– The practice of the police power to restrict soil owners regarding the usage of their land and/or type, size, and also location of structures to be set up thereon.

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ACKNOWLEDGMENTS

Definitions included in the over glossary to be complied native the complying with publications:

Glossary for home Appraisal and also AssessmentInternational association of Assessing OfficersPrinciples and also Techniques that Cadastral MappingIAAO Reference hand-operated of food 600Black’s legislation Dictionary, fifth EditionWest publishing Co.Louisiana Notarial Handbook & examine Guideby Sydney Horn