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2. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   The Appraisal Institute defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical ...

3. Uniform Residential Appraisal Report - Wikipedia

   en.wikipedia.org/wiki/Uniform_Residential...

   A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals. It was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an "accessory unit". It is also suitable for a building in a planned unit development (PUD) but is not ...

4. How to buy land: A step-by-step guide - AOL

   www.aol.com/finance/buy-land-step-step-guide...

   Pay down debts to lower your debt-to-income ratio, and start saving enough to cover a potentially hefty down payment — lenders typically require 20 to 25 percent down for raw land. 2. Compare ...

5. Extraordinary assumptions and hypothetical conditions

   en.wikipedia.org/wiki/Extraordinary_assumptions...

   The distinction between the two lies in the potential veracity of the assumption. A hypothetical condition assumes a condition which is known to be contrary to fact whereas an extraordinary assumption assumes a condition or a fact which is merely unknown or uncertain. The results of an analysis involving any hypothetical conditions are known to ...

6. Land value tax - Wikipedia

   en.wikipedia.org/wiki/Land_value_tax

   A land value tax ( LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it. [1] It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating . Some economists favor LVT, arguing it does not cause economic inefficiency, and ...

7. Property tax appraisals are coming, and now is the time to ...

   www.aol.com/news/property-tax-appraisals-coming...

   April 16, 2024 at 4:37 PM. HOUSTON - On the heels of the federal tax day, property tax appraisals have been arriving in millions of mailboxes, in recent weeks. The last few years have seen ...