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3 Cards in this Set
- Front
- Back
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Condemnation |
Process by which the government exercises their eminent domain right by either judicial or administrative proceedings |
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Taxation |
Is a charge on real estate to raise funds to meet the needs of a government. Taxes on real estate include annual real estate taxes assessed by local and Harriet government entities including school districts taxes on income Realize by individuals and corporations on the sale of property and Specialties that may be levied for special projects. Non-payment of taxes may give government the power to clean an interest in the property |
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Escheat |
Process by which the state may acquire privately owned real or personal property. For example the state can take your property when an owner dies leaving no heirs and no will of how the property is to be distributed |
