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2. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   If the value of the commercial lot as vacant in "House B" exceeds the value of house as a residence as improved plus demolition costs, the overall highest and best use of this property would be the as vacant value of the commercial lot. For example, assume that "House B" has a value as a house of $200,000, and a site value as a commercial lot ...

3. Castle doctrine - Wikipedia

   en.wikipedia.org/wiki/Castle_doctrine

   A castle doctrine, also known as a castle law or a defense of habitation law, is a legal doctrine that designates a person's abode or any legally occupied place (for example, an automobile or a home) as a place in which that person has protections and immunities permitting one, in certain circumstances, to use force (up to and including deadly force) to defend oneself against an intruder, free ...

4. Tax assessment - Wikipedia

   en.wikipedia.org/wiki/Tax_assessment

   In some jurisdictions, the assessed value is meant to equal the market value of a property. In other areas, the market value is multiplied by an assessment ratio to arrive at the assessed value. Once a tax assessor determines the assessed value, it is multiplied by a tax rate, called a "mill rate," to arrive at the amount of the property tax. [1]

5. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   [1] Value-in-use, or use value [2] – the net present value (NPV) [3] of a cash flow that an asset generates for a specific owner under a specific use. Value-in-use is the value to one particular user, and may be above or below the market value of a property.

6. Defence of property - Wikipedia

   en.wikipedia.org/wiki/Defence_of_property

   But in Chamberlain v Lindon (1998) 1 WLR 1252, [3] Lindon demolished a wall to protect a right-of-way, honestly believing that it was a reasonable means of protecting his property (and, incidentally, avoiding litigation). It was held that it was not necessary to decide whether Lindon's action was justified as a matter of civil law.

7. Sales comparison approach - Wikipedia

   en.wikipedia.org/wiki/Sales_comparison_approach

   The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of bathrooms, lot size, age of the ...