Reae 3325 Ch. 4 Questions and Answers (Graded A)Reae 3325 Ch. 4 Questions and Answers (Graded A)Reae 3325 Ch. 4 Questions and Answers (Graded A)Reae 3325 Ch. 4 Questions and Answers (Graded A)Ad Valorem Taxes - ANSWER-Property taxes that are based on the market value of the property
Affordable H...
Reae 3325 Ch. 4 Questions and Answers
(Graded A)
Ad Valorem Taxes - ANSWER-Property taxes that are based on the market value of the
property
Affordable Housing Allocation - ANSWER-A requirement that encourages or mandates
a "reasonable and fair" component of new housing construction for lower income
families
Assessed Value - ANSWER-The value determined as the basis on which an owner's
property tax liability is calculated, usually a percentage of market value
Board of Adjustment - ANSWER-In local zoning law, a board of citizens appointed by
the governing body, to hear and make determinations on appeals for zoning variances,
determinations are final can be appealed only in court
Comprehensive Plan - ANSWER-A local government's general guide to a community's
growth and development based on the community's goals and objectives
Concurrency - ANSWER-The requirement that public facility and services, including
roads, sewers, and schools, be available at the same time new development is
completed
Condemnation - ANSWER-The legal procedure involved with eminent domain
Dedicated (property) - ANSWER-The conveyance of property from a private owner to
government for a public use
Economic and Environmental impact statements - ANSWER-Studies of the effect that a
new development will have on the economy or the environment of the region
Effective tax rate - ANSWER-The tax liability divided by the property's market value or
sale price
Eminent Domain - ANSWER-The power of government in to take private property for a
public purpose by paying the owner just compensation
Exclusionary Zoning - ANSWER-Zoning that tends to exclude lower income groups and
is prohibited
Externalities - ANSWER-The unaccounted effects that a land use imposes on
surrounding parcels
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