Shared Flashcard Set

Details

Real Estate 413
Chapter 4
11
Business
Undergraduate 4
02/22/2010

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Cards

Term
3 steps for gov't administering property tax
Definition

  1. Property value assessment of all properties in the jurisdiction
  2. Development of a budget and tax rate
  3. Tax billing and collection

Term
Inverse Condemnation
Definition
Owner forces purchases of property by government by stating that some act the gov't has done (announce a new road or airport where property is) has made it impossible to sell the property for private purposes.
Term
Zoning
Definition
The process of dividing a community's land into districts in which
Term
Build Limitations
Definition
Controls the % of the lot area that may be occupied by buildings.
Term
Intensity of use - also known as developmental density
Definition
Extent to which land in the zone may be used for its permitted purposes.  Example how many dwellings can be built on one lot, etc.
Term
Floor area ratio
Definition
Relationship between the total floor area of a building and the total land area of the site.  Ex - Ratio of 4:1 allows a 4 story building to occupy the entire lot.  An 8 story building could occupy half the surface area of the lot.
Term
Performance or impact zoning
Definition
Relates permitted uses of land to certain performance standards, usually to protect the environment.  Industrial-use standards include noise, pollution, smoke, smell regulations.
Term
Nonconforming Use
Definition
Continuing zoning use that was legal before a zoning ordinance was passed but that no longer complies with the current zoning regulation.
Term
Mandatory Dedication
Definition
To obtain approval for a project, developers have to dedicate certain parts of a new development to public use like rights-of-way, streets, utilities.
Term
Impact Fees
Definition
Fees on new developments to raise money for public uses like streets, pathways, sidewalks, etc.
Term
5 elements of a Comprehensive General Plan
Definition

 

  1. Analysis of projected economic and population developments
  2. Transportation plan
  3. public facilities plan
  4. land-use plan
  5. official map

 

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