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Only a few states require their recording offices to maintain this type of index. Among these states are Nebraska, North Dakota, Oklahoma, South Dakota, Utah and Wyoming. In addition, some other states permit recording offices to maintain tract indexes (for example, Kansas, Minnesota, Montana, Ohio, and Wisconsin).
Key takeaways. A property survey legally defines the boundaries of a plot of land. Mortgage lenders and/or title companies may require one when you're buying a house.
The Public Land Survey System (PLSS) is the surveying method developed and used in the United States to plat, or divide, real property for sale and settling. Also known as the Rectangular Survey System, it was created by the Land Ordinance of 1785 to survey land ceded to the United States by the Treaty of Paris in 1783, following the end of the ...
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.
Boundary Survey: In this type of survey, property corners will be located and verified, or reset. The improvements on the property will be located and a check for violations or encroachments onto or from the subject property will be made. This survey may be used by the property owner for the construction of a fence or other improvement.
Property owners may make a declaration of the value of property they own to a taxing authority. This is often referred to as rendition. [26] The taxing authority may accept this value or make its own determination of value. The value determinations are generally made by a tax assessor for the taxing authority. Some states require uniform values ...
In the United States, a plat (/ p l æ t / [1] or / p l ɑː t /) [2] (plan) is a cadastral map, drawn to scale, showing the divisions of a piece of land. United States General Land Office surveyors drafted township plats of Public Lands Surveys to
While rising home values mean more equity for homeowners, they also have a potential downside: higher property tax bills. To ease this burden, several states are taking action. Alabama, Wyoming ...