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Land Use and Regulat

Land Use and Regulations

Police Power Government right to regulate and control the character and use of property for the health, safety and general welfare of the public
Zoning Local laws to control land use
Master Plan A comprehensive guideline for the long-term physical development of a particular area-mixed land use is designed to meet the needs of future residents
Non-conforming use A permissable use under former rules that is now prohibited-automatically granted when zoning regulations change
Variance Permission to violate current zoning regulations-obtained by a hearing
Buffer Zone An area of land separating one land use from another incompatible use such as residential from commercial
Building Codes Regulations regarding specific construction requirements-plumbing, electrical, ect
EIS Environmental impact statement-a study done to determine the effect of a proposed project on a community
Eminent Domain The right of government to take private property for public use
Condemnation The action of government in taking private property under the right of eminent domain
Taxation The action of an individual trying to force the government to buy his property
Ad Valorem According to value-real property taxes are ad valorem taxes
Assessed Value Property value for tax purposes-(tax rate x assessed value= tax)
Mill A tax rater per $1000.00 (assesed value/1000 x mills=tax)
Assessment Rolls Books showing the assessed value of all properties in the tax distrect
Special Assessment A tax levied against only those property owners who benefit from a government improvement such as curbs, or sidewalks
Municipal Improvement District An are within a municipality that is taxed for a specific improvement unlike a special assessment, property owners were permitted to vote for the improvement district to be created
Escheat The right of government to take real property if an owner dies without a will and no heirs or no kindred
Riparian rights The right to use water from a river or stream that borders a property
Littoral rights The right to use water from a lake or ocean that borders a property
Inverse Condemnation The action of an individual trying to force the government to buy his property
Created by: Shirilyn
Popular Real Estate sets




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