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A type of the Lot and Block system is frequently used for tax identification purposes in the United States. This designation, often called a Tax Identification Number or Tax Parcel Number, is not directly based on the legal description of the property. The system can be used even if the property is not legally described by the Block and Lot system.
The terms lot and parcel are often used interchangeably, but they have different meanings. [1] A parcel is an identification for taxation purposes, while a lot is a recognized subdivision of property with a written legal description that addresses permissions or constraints upon its development. It is possible for a parcel to have more than one ...
In real estate, a land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries.
Corner: The point of intersection of any two actual or potential survey lines, defining one corner of a rectangular land parcel. Lot: A subdivision of a section which is not an aliquot part of the section but which is designated separately. A lot is typically irregular in shape, and its acreage varies from that of regular aliquot parts.
Other names associated with parcel maps are: land maps, tax maps, real estate maps, landowner maps, lot and block survey system and land survey maps. Parcel maps, unlike any other public real estate record, have no federal, state or municipal oversight with their development. [citation needed]
A land parcel or cadastral parcel is defined as "a continuous area, or more appropriately volume, that is identified by a unique set of homogeneous property rights". [ 3 ] Cadastral surveys document the boundaries of land ownership, by the production of documents, diagrams, sketches, plans ( plats in the US), charts, and maps.
The difference between FAR and FSI is that the first is a ratio, while the latter is an index. ... on the lot must be no more than one-tenth the area of the parcel ...
This is regardless of whether they are on land, water or defined by natural or artificial features. [1] It is an important component of the legal creation of properties. A cadastral surveyor must apply both the spatial-measurement principles of general surveying and legal principles such as respect of neighboring titles.