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In architecture, construction, and real estate, floor area, floor space, or floorspace is the area (measured in square metres or square feet) taken up by a building or part of it. The ways of defining "floor area" depend on what factors of the building should or should not be included, such as external walls, internal walls, corridors, lift ...
This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Clarifying Duany's second criticism in reference to "lot coverage": If localities seek to regulate density through floor area ratio, the logical consequence is to encourage expansive one story building with less green space, as single story construction is less expensive than multi-story construction on a per square foot basis.
The foundation principles for ad valorem taxes are that each property is valued according to its market value and that each property is taxed based upon a single millage rate that applies to everyone (uniformity). [10] Special assessment levies are not ad valorem property taxes even though they may be collected on a property tax bill. A special ...
The new amendment removed the previously existing non-taxable property threshold, putting a minimum of 0.05% property tax. [6] Real Estate Tax Rate on Residential Houses and Country Houses: [6] Up to 7 mln AMD inclusive – 0.05%; 7–23 mln AMD inclusive – 3.500 AMD + 0.1% of tax base amount exceeding 7 mln AMD
The five counties of Hawaii on the Hawaiian Islands enjoy somewhat greater status than many counties on the United States mainland. Counties in Hawaii are the only legally constituted government bodies below that of the state. No formal level of government (such as city governments) exists below that of the county in Hawaii.
Now, Reynolds, along with the real estate agent, the construction firm, the architect, the prior property owner’s family and the county — which approved the permits — are reportedly being ...
Hawaii County has a total area of 5,086.70 square miles (13,174.5 km 2); 4,028.02 square miles (10,432.5 km 2) is land and 1,058.69 square miles (2,742.0 km 2) is water [3] (mostly all off the ocean shoreline but counted in the total area by the U.S. Census Bureau). The county's land area comprises 62.7 percent of the state's land area.