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A property legally described by a metes and bounds description may still be assigned a Tax Identification Number based on a separate Lot and Block system. In this case, a survey of all parcels in the county or municipality would be combined to create a separate Block and Lot system to identify the properties for taxation purposes.
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. Initial point: The starting point for a survey; the intersection point of the Principal meridian and the Base line in a given region.
After the filing of a plat, legal descriptions can refer to block and lot-numbers rather than portions of sections. [3] In order for plats to become legally valid, a local governing body, such as a public works department, urban planning commission, zoning board, or another organ of the state must normally review and approve them.
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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 ...
As reported earlier this year by the Wall Street Journal, fewer than 500 homes have been built since a 2021 law, SB 9, was passed allowing owners to split their single family home lots in two, and ...
The property now features two single-family homes separated by a fence: a 1,200-square-foot front house with three bedrooms and 1.5 bathrooms on a 3,349-square-foot lot, and an 1,100-square-foot ...
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 ...
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