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This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s). Like most other types of property, lots or plots owned by private parties are subject to a periodic property tax payable by the owners to local governments such as a county or municipality. These real ...
The existence of section lines made property descriptions far more straightforward than the old metes and bounds system. The establishment of standard east-west and north-south lines ("township" and "range lines") meant that deeds could be written without regard to temporary terrain features such as trees, piles of rocks, fences, and the like, and be worded in the style such as "Lying and ...
The metes and bounds system was used to describe a town of a generally rectangular shape, 4 to 6 miles (6.4 to 9.7 km) on a side. Within this boundary, a map or plat was maintained that showed all the individual lots or properties. There are some difficulties with this system: Irregular shapes for properties make for much more complex descriptions.
The legal description of a 2.5-acre (10,000 m 2) property under the Lot and Block system may be something like; Lot 5 of Block 2 of the South Subdivision plat as recorded in Map Book 21, Page 33 at the Recorder of Deeds.
One acre equals 1 ⁄ 640 (0.0015625) square mile, 4,840 square yards, 43,560 square feet, [2] or about 4,047 square metres (0.4047 hectares) (see below).While all modern variants of the acre contain 4,840 square yards, there are alternative definitions of a yard, so the exact size of an acre depends upon the particular yard on which it is based.
The average property tax rate is 0.56%, one of the lowest rates in the country. The average homeowner will pay around $1,707 - more than $1,000 less than the national average.
Property taxes are typically paid semi-annually or annually, but it depends on your local tax authority. If you prepay your property taxes at closing, as many lenders require, the funds are held ...
The developers bought the property last year. DeLand Commons Partners paid $950,000 to acquire the former Save-a-Lot property on Dec. 2, 2022, according to Volusia County property records.