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