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Government

Rock, Minerals, and Soil : Tanner West
Horizontales
The taxing authority, which determines how the taxes will be imposed on individuals or on property. The amount not covered by sales taxes, business licenses, revenue-sharing, or local income taxes, must be paid by property taxes
Real estate taxes provide local governments with their primary source of income for funding schools, hospitals, fire and police protection and road maintenance. Taxes which pay for the services are called______ since they are based on the value of the property.
Subdivisions must be registered with _____.
Bulk zoning also employs_____ which are required distances a building must be placed from front, side and rear lot lines.
The taxing authority must prepare an annual budget, estimating needed income for expenses to be made in the coming fiscal year.
Inducing owners to sell by leading them to believe that my Nora T individuals are moving into the area
A method of accessing density is the (FAR) which is determined by dividing the total floor area of a building by the lot area
Is the profit an investor makes when selling an asset for more than was invested
When a licensee tries to limit a prospects choice of neighborhoods.
Capital gain is calculated by subtracting the property's _____ from the sales price.
Zoning specifies that architectural styles must be compatible
Rezoning a parcel to a lower density or less profitable use causes the property value to suffer and the owner does not necessarily have a right to be compensated
The law has a cooling off period of seven business days after receipt of the report, during which time the purchaser can change his mind, resend the contract, and have any deposit returned
When a building inspector finds that construction is not in compliance with the code, the job can be shut down by a court order.
Serves as a blueprint for future development which encompasses every aspect of the area
Verticales
Before new construction or remodeling can begin, the builder must present to the building inspector plans which meet with the applicable building codes and zoning ordinance. Upon approval, a building _____ is issued and work can begin.
Building _____ or regulations that set the standard for construction materials, methods, and safety procedures.
If the property owner feels that assessment is unfair, there is a review board or board of arbitration to which an_____ can be made.
Is a parcel of land divided into a number of smaller lots, generally for the purpose of building new buildings.
Denying credit or varying loan terms for different individuals, a practice of lenders who refuse to make loans on certain area for discriminatory reason
Zoning is designed to limit population growth and density in certain areas.
After the budget has been approved, the legislative power formalizes how the money is to be acquired and how it is to be spent
Zones are areas that separate incompatible areas
Zoning is designed to encourage the highest and best use of the land.
Zoning is an award based system that encourages developers to meet certain physical, social, or cultural benefits
Applies to permitting a small area to have a use that is inconsistent with the surrounding area, such as allowing a small convenience store to operate in a residential area.
The tax assessor, using standard appraisal methods, determines the market value of each parcel of property.