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Reae 3325 Ch. 4 Questions and Answers (Graded A) $11.49
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Reae 3325 Ch. 4 Questions and Answers (Graded A)
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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...

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  • October 29, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • reae 3325 ch 4 questions and answers graded a
  • reae 3325 ch 4 questions and answers stuvia
  • ad valorem taxes answer property taxes that are

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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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