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Utah Real Estate: Property Tax and Title Insurance ch 23 Questions and Correct Answers | Latest Update $9.99   Add to cart

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Utah Real Estate: Property Tax and Title Insurance ch 23 Questions and Correct Answers | Latest Update

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  • Utah Real Estate

Ad Valorem Tax -:- A tax levied according to the value of the property Alta or Lender's Policy -:- The lender's title insurance policy which offers coverage in the amount of the loan which includes a site visit to discover unrecorded encumbrances Assessed Value -:- A percentage of the a...

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  • September 20, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Utah Real Estate
  • Utah Real Estate
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2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Utah Real Estate: Property Tax and Title
Insurance ch 23 Questions and Correct
Answers | Latest Update
Ad Valorem Tax


✓ -:- A tax levied according to the value of the property




Alta or Lender's Policy


✓ -:- The lender's title insurance policy which offers coverage in the

amount of the loan which includes a site visit to discover unrecorded

encumbrances




Assessed Value


✓ -:- A percentage of the appraised value, as determined by law, upon

which the tax rate will be levied to determine the property tax.




Attorney's Opinion


✓ -:- A lawyer's examination and evaluation of the history of title. It

includes a brief summary of all recorded instruments which affect the




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, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



title, including records of taxes, special assessme nts, judgements,

mortgages, and trust deeds.




Board of Equalization


✓ -:- The body of appeal if you think your property tax appraisal is too

high.




Chain of Title or Abstract of Title


✓ -:- A historical record of land ownership and liens or encumbrances

against the property. (history of ownership)




Cloud on Title


✓ -:- A term that refers to any kind of lien or encumbrance against the

title. (title is not clear)




Extended Coverage (Owner's policy) Title Insurance


✓ -:- Covers claims both on and off the recor d. It includes a site visit to

give protection against unrecorded liens and encumbrances, such as

mechanic's liens, as well as defect in the land itself, such as unrecorded

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