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Glossary

Terms most typically used in the assessment practice, mapping, and also the deliver of ownership.

Abatement– An official reduction of assessed valuation after completion of the original assessment.

Abstract– Compiled information containing all of the tools that have been taped affecting a certain property.

Access– The ideal of egress from and 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 flow or stream.

Acre– A land measure same to 43,560 square feet.

Acreage– Usually large tracts that land greatly used for farmland, timberland, or idle soil in rurallocations; residential property that has actually not been divided into smaller parcels for residential purposes.

Ad Valorem Tax– A taxation levied in proportion to the worth of home being taxed.

Adjacent– residential property in the community or vicinity of another property.

Adjoining– share a building boundary; contiguous.

Adjudicated Property– building which is take away by a jurisdiction v judicial way uponnon-payment of taxes.

Adverse Possession– The exclusive occupation and consistent possession the another’s realproperty under an noticeable claim of title or right.

Aerial Photography– A photograph of a part of the earth’s surface taken by an aircraftsupportedcamera or satellite.

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

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

Alluvion– floor which creates upon the financial institution of a river or stream, one of two people by buildup ofmaterial or recession the water.

Amendment– A readjust correcting an error or altering part of an covenant without an altering the principle idea.

Annex– To sign up with a smaller, subordinate property to a bigger or more dominant property.

Appeal– A process in i beg your pardon a property owner contests one assessment either informally or formally.

Appraisal– The plot of estimating the financial value of property.

Appraisal proportion Study– A ratio study using independent expert appraisals as indicators of sector value.

Appreciation– rise in worth of property, in regards to money, from causes other than enhancements and betterments.

Appurtenance– Any addition to a residential property that becomes component of that property.

Ascendants– Those heirs in a ascending line.

Assess– to value residential or commercial property officially for the purpose of taxation.

Assessed Value – A value set on residential property by a government as a basis because that levying taxes.

Attest– come witness.

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

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

Bearing– Direction that a heat measured as the acute angle from a recommendation meridian.

Board the Review– A public body having jurisdiction end an assessment district, charged with analyzing the assessment rolls, and empowered, on very nice to revise individual assessments.

Bond because that Deed– A contract because that sale in i m sorry the seller retains location to the building until the the person who lives completes the contracted payments.

Book and Page– describes the conveyance book and also page number in i m sorry an instrument is filed in the office that the salesman of court; volume reference

Boundary– A line the marks the outermost degree area, or a department between areas, such together a residential or commercial property or ownership boundary.

CAD– computer system Aided Drafting.

Cadastral Map– A range map displaying building ownership boundaries; likewise known as a cadastre.

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

CAMA– (Computer-assisted massive appraisal) A system that incorporates computer-supported statistics analyses to help in estimating value.

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

Center Line– describes the center of a street, road, or right-of-way being midway in between thesides.

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

Chain– A land measure of 66 feet.

Chord– A directly line connecting the tangents the a curve.

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

Codocil– A complement or addition to a will.

Collateral Heirs– brothers of a deceased person.

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

Common Area– an area of residential property that is not designated because that rental or sale, i m sorry is obtainable for common use by all tenants and owners.

Community Property– residential property owned jointly by a husband and also wife.

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

Contiguous– share a home boundary; adjoining.

Contour– an imaginary line on the ground, every points of which room at the very same elevation over or listed below a specified reference surface.

Conveyance– Legal files that deliver ownership that property.

Conveyance Records– The document of all sales of immovable property kept through the salesman of court in a jurisdiction.

Coordinates– straight or angular quantities that clues the place of a point in a provided reference system.

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

Covenant– A restriction top top a property.

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

Curator/Curatrix– A guardian appointed by the court to take care of the legacy of an it s not enough ability person.

Dation En Paiement– A giving by a debtor and receiving through a creditor of property in lieu of financial payment for a debt.

Decedent– A deceased person.

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

Descendants– Those heirs in the diminish line.

Depreciation– lose in worth of an object, family member to that replacement price new, reproduction costnew, or initial cost, everything the cause of the lose in value.

Deed Restriction– A limitation to building rights the transfers through the property regardless ofthe owner.

Domicile– That specific locality inside a person is legally understood to have his or her truehome or place of abode; residency.

Donation– A gift of home by a donor come a donee.

Donee– One that receives residential or commercial property through a donation.

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

Double assessed– double assessments gift made ~ above the same parcel.

Easement– A right held by one person to use the soil of an additional for a particular purpose, such asaccess to one more property.

Egress– one outlet or exit or means of exiting.

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

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

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

Encumbrance– any type of limitation that affects rights and also value.

Equalization– The process by which an appropriate government body attempts come ensure that allproperty under its jurisdiction is assessed at the same assessment proportion or at the ratio required bylaw.

Escheat– The best to have property revert come the state because that nonpayment of counting or as soon as thereare no legitimate heirs that someone that dies without leaving a will.

Escrow– A written instrument the by its state imparts a legitimate obligation yet that is placed by thegrantor in the hand of a third party, come be hosted by the or her until the incident or nonoccurrenceof a stated event, then only to be delivered to the grantee and also to take it effect.

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

Estate Tax– A tax based upon the worth of the estate of a deceased person.

Et al– and others.

Et seq– and following.

Et ux– and wife.

Et vir– and husband.

Exchange Deed– tool wherein two or an ext persons support exchange equitableproperties.

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

Executory Process– An sped up procedure because that foreclosing a mortgage or vendor’s lien.

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

Expropriation– The exercise of the ideal of eminent domain to secure legal title to private property forced by publicly use.

Façade– The key exterior face of a structure.

Fee Simple– In floor ownership, complete interest in a property, subject just to government powers.

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

Field Review– The exercise of reviewing the reasonableness that assessments by city hall the properties in question.

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

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

Frontage– The level of a package of land along a street, road, river, or various other traffic artery on which the parcel is stated to face.

Geographic information System (GIS)– A database administration system supplied to store, retrieve, manipulate, analyze, and also display spatial information; a kind of mapping system capable of complete spatial data and also attribute data among different class on a base map.

Global Positioning device (GPS)– A navigational and positioning system by which the ar of a place on or over the earth can be determined by a unique receiver in ~ that point interpreting signals got simultaneously from numerous of a constellation of unique satellites.

Government Lot– one of the nonrectangular locations into i m sorry sections not evenly or about divisible into square forty-acre tracts were separated in the food of the government survey.

Government Survey– A ground survey authorized by the continent Congress in 1775 and also subsequent acts, in which the floor was separated into townships approximately six mile square, each township typically containing thirty-six sections and each section normally containing 640 acres. Likewise known as the public Land survey System.

Grantee– One who acquires building by voluntarily conveyance.

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

Hectare– Unit of land measure same to 100 meter square. Identical to 2,471 acres. Homestead

Exemption– flexibility of component or every one of the worth of one owner occupied property from building taxation.

Immovable Property– actual estate; real property; realty.

Improvement– any kind of structure or additions erected on property.

Industrial Property– Generally any property offered in a production activity.

Ingress– An entrance or way of entering.

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

Inter Vivos– in between livings persons.

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

Interdiction– A legit proceeding to explain a human being mentally i can not qualify of caring for himself or herself.

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

Intestate– The state the having passed away without leaving a valid last will and also testament.

Inventory– The team of an individual property items, own by a service solely for the purpose of sale rather than use.

Irrevocable – the which have the right to not it is in recalled or revoked.

Judgment– A decision that a court. Likewise a righteousness mortgage.

Kilometer– Unit of size equal come 1,000 meters or 0.6214 state miles.

Land Patent– Land formerly owned by a state or national federal government as part of the initial public domain that has actually been voluntarily conveyed by such government to a personal owner by a proceeding authorized by general statute.

Land Grant– A legal paper in i m sorry the federal federal government conveys land location to one individual.

Leasehold Improvements– item of an individual property linked with a tenant that have been affixed come the real residential property owned through a lessor.

Legal Description– Written summary of a home that offer to identify the parcel because that all functions of law.

Legatee– One that receives a gift through testatment.

Legitime–The compelled portion.

Lessee– The tenant. Lessor – The landlord.

Lein– A legal claim; privilege.

Levy– The total amount of money come be raised from the property tax as collection forth in the spending plan of a taxing jurisdiction.

Lien– The legal appropriate to take or host property the a debtor as payment or defense for a debt.

Link– A land measure of 7.92 inches.

Lis Pendens– A notification of a pending suit.

Major– Of legal age.

Market Value– The many probable price i m sorry a building should lug in a competitive and open industry under all conditions requisite to a fair sale.

Mass Appraisal– The process of valuing a team of properties together of a offered date, using typical methods, employing typical data, and allowing for statistical testing.

Meander Line– A traverse that a human body of water for the purpose of determining the size and also location of the body of water. They do not stand for the boundary line uneven specifically stated in conveyance together such.

Merger– Union of 2 or an ext entities.

Metes and also Bounds– measurement of angles and also distances of a property offered as a legitimate description.

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

Millage– A tax rate expressed as mills every dollar.

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

Minor– A person under 18 years of period who has actually not been emancipated.

Minute– One sixtieth the a degree of the one of a circle.

Misdescription– an error in the created legal description of a property.

Monument– Tangible landmarks indicating boundaries.

More or Less– offered in the connection with quantity and also distance whereby the precise amount is uncertain.

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

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

Mortis Causa– A donation provided in contemplation the death.

Movables– personal property.

Neighborhood– A geographic area whereby the properties room homogeneous and also share essential locational characteristics.

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

Ordinance– A statute or regulation that designates an enactment by a county’s or municipal corporation’s legislature body.

Parcel– A contiguous area of land described in a single legal summary or as one of a variety of lots on a plat.

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

Partition– An tool in which building is divided between two or much more owners.

Personal property (Intangible) –

Personal residential property (Tangible)– any property the is movable and also can it is in relocated.

Petition that Monition– inquiry made to a formal court after specified period of time to concern clear location upon unredeemed residential property purchased through tax sale.

Planimetric Map– Map showing functions located upon residential or commercial property such as structures, roads, and water features.

Plat– A map plan to show the division of land right into lots or parcels. Upon recordation through the suitable authorities, land included in the plat can thenceforth it is in legally defined by reference to the plat, omitting a metes and bounds description.

Point of beginning (P.O.B.)–In a deed description, the is a reference point that explains the suggest at i m sorry a thoreau begins.

Possession– Physical regulate of an individual or actual property.

Power of Attorney– A created authorization in which one person offers authority to an additional person come act ~ above his or her behalf.

Prescription– come expire by the passage of time; state of limitations.

Probate– To open a succession in i beg your pardon a will is left, and also the presentation the the will to a judge because that adjudication.

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

Public floor Survey device (PLSS)– A rectangular survey system created in the United states by the soil Ordinance the 1785, consist of of departments into township and also ranges.

Quarter-Quarter– A subdivision the a ar containing 40 acres, likewise known together a forty.

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

Quitclaim Deed– A deed in i m sorry the grantor conveys or relinquishes all interests that 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 top top the location of the property.

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

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

Real Property– The land plus anything permanently attached come the land or legally defined as immovable; real estate; realty.

Reassessment– The revaluation of all property, or all home of a given class, within an assessment district by order of an authorized body.

Recordation– recording an instrument because that public document with the salesman of court of a jurisdiction.

Redemption– The procedure by i m sorry the owner of residential or commercial property sold in ~ a taxation sale buys earlier the property from the purchaser in ~ an enhanced price within a mentioned redemption period.

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

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

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

Reservation– A appropriate or privilege booked by the grantor of property.

Residential Property– building that contains two or more 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 constraints be violated or the hatchet of the conveyance ends.

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

Right-of-Way– one easement consisting of a ideal of passage over or with property.

Riparian Rights– The appropriate that an owner of soil bordering ~ above a river has in the water flow in the river, underneath the land, that banks, or that bed.

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

Scale– The reduction proportion that characterizes a certain map.

Second– One sixtieth the a minute of the one of a circle.

Section– A unit that land approximately one mile square and normally include 640 acres, as laid the end by the government survey.

Separate Property– That part of the home owned through the husband or wife which is no considered community property.

Servitude– The appropriate of use or enjoyment of land belonging to another; easement.

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

Situs– The place of a building for objectives of taxation.

Spatial– describes the place of, proximity to, or orientation that objects with respect come one another.

Split– A result of a division or sale of property hosted by a solitary owner right into multiple parcels.

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

Subdivision– A tract of land that has actually been split into marketable building lots and also such public and private ways as are required for accessibility to those lots, and that is extended by a recorded plat.

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

Subject Property– The residential property being appraised.

Succession– The happen of residential property by inheritance or will.

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

Tax freed Property– Property entirely excluded native taxation because of its kind or use.

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

Tax Roll– An main list mirroring the amount of counting charged against each taxpayer and/or each property within the jurisdiction the a taxes district.

Tax Sale– revenue of a taxpayer’s home by publicly authority for non-payment that delinquent taxes.

Taxable Value– The appraised value minus all applicable partial exemptions, of which the residential or commercial property taxes are levied.

Tenant– One who holds or possesses a property.

Testament– A composed instrument by which a human disposes the his estate to take impact upon his death; a will.

Testator/Testatrix– A human being who leaves a will.

Thread– A heat midway between the next lines, such as midway between the banks of a stream.

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

Title Search– An check of public documents to ensure the top quality of the seller’s location to a property.

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

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

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

Transfer– The act of an altering the ownership of residential property on the evaluate rolls.

Trust Deed– one agreement through which the owner of residential or commercial property transfers legal location to a 2nd party, such residential or commercial property to be held, managed, or disposed of because that the benefit of a 3rd party, as collection forth in the agreement.

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

Tutor/Tutrix– A guardian the a minor.

Undivided Interest– An interest in a residential or commercial property that is not distinctive from the interest of various other owners of the property.

Universal Legatee– A person who receives all of the residential or commercial property of the testator.

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

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

Usufruct– The appropriate to enjoy and also receive the services from building without the power to impair or alienate the property.

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

Vendee– One who purchases; buyer.

Vendor– One who transfers property by sale; seller.

Vendor’s Lien– an instrument send immovable home on credit transaction terms; credit deed.

Volume Reference- describes the conveyance book and page number in which an tool is filed in the office that the salesperson of court.

Warranty Deed– A deed containing a commitment of warranty whereby the grantor promises that the title the is being transferred is complimentary from defects.

Will– A composed instrument whereby a person disposes that his estate come take result upon his death; testament.

Witness– to attest.

Zoning– The practice of the police strength to restrict soil owners regarding the use of your land and/or type, size, and location of frameworks to be put up thereon.

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ACKNOWLEDGMENTS

Definitions included in the above glossary to be complied native the adhering to publications:

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