Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

RE Ch 7 Defs

Real Estate Definitions for Chapter 7

Real Estate taxation taxation of real estate as property
Tax districts Established by county and local governments to collect funds for providing specific services
Level of assessment adjusting the value by multiplying by a uniform percentage for the municipality
Equalization factors established by jurisdictions to level out the unevenness of valuations
Tax base the total of the appraised or assessed values of all real property within the area's boundaries, excluding partially or totally exempt properties
Tax rate aka millage rate; determines how much of a tax levy the tax base will receive
Value assessment value of the real property within the jurisdiction for purposes of levying taxes
assessed value the result of the valuation process
Tax levy derived every year since budget requirements and revenue tallies are performed on an annual cycle
mill one one-thousandth of a dollar ($.001)
tax rate limitations taxing bodies are forced to limit their budget requirements, unless there has been a sufficient increase in tax base to produce the required funds without raising the millage rate.
Taxable value the assessed value after all exemptions and adjustments have been taken into account.
special assessment a tax levied against specific properties that will benefit from a public improvement
tax lien a lien against real property for the failure to pay property taxes. When title to a property is transferred, the tax lien should be paid first.
in rem proceeding one that is directed against a thing, rather than against a person
equitable right of redemption the taxpayer can redeem the property by paying the delinquent taxes and any other charges before the tax sale occurs
statutory right of redemption the taxpayer redeems the property after the tax sal
Created by: medct
Popular Real Estate sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards