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Costs for developers include acquiring land, removing existing structures, [16] and testing for and cleaning up any environmental contamination. [ 15 ] Scholars have argued that infill development is more financially feasible for development when it occurs on a large plot of land, with several acres. [ 16 ]
Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, and to require a 2/3 majority for tax increases in the ...
Property classification are used to tax properties at different rates and for different public policy purposes. In Washington D.C. for instance property occupancy is incentivized by taxing residential property at 0.85 percent of assessed value but vacant residential property at 5 percent of assessed value. [22]
Capital improvements generally extend the life of a property and specifically exclude routine repairs and maintenance. [3] Acquisition costs such as legal fees, land transfer tax, land surveys and property inspections increase the ACB of a property. Interest paid on debt used to acquire vacant land is added to the ACB of the land.
Vacant possession refers to the typical condition in which a seller must hand over a property to a buyer upon completion, or a tenant must return the property to a landlord at the end of a lease. In simple terms, it means that the rightful person, such as a buyer or a landlord, can peacefully and fully utilize the property.
A planar graph and its minimum spanning tree. Each edge is labeled with its weight, which here is roughly proportional to its length. A minimum spanning tree (MST) or minimum weight spanning tree is a subset of the edges of a connected, edge-weighted undirected graph that connects all the vertices together, without any cycles and with the minimum possible total edge weight. [1]
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