Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
12 Cards in this Set
- Front
- Back
|
Real property taxes are paid to... |
The county where the property is located |
|
|
Property tax liens has ________ over all other liens. |
Priority |
|
|
Property taxes are ad valorem, which is ____________. |
Assessed value |
|
|
Who determines the assessed value? |
County assessor |
|
|
Appeals of assessment are first made to a __________. |
Board of appeals |
|
|
Special assessments |
Charges against specific properties that benefit from a public improvement, such as street lights, sidewalks, paving, curb and gutter |
|
|
What releases an recorded lien (construction — mechanic’s lien)? |
Lien Waiver |
|
|
What releases a recorded lien (mortgage lien)? |
Recording a satisfaction |
|
|
Involuntary Liens |
Government liens for property taxes or special assessments, mechanics or construction liens |
|
|
Voluntary Lien |
Mortgage liens or deeds of trust a) voluntary pledge of land to secure payment of a debt |
|
|
General Lien |
Attached to all property, including personal and real property |
|
|
Specific Lien |
Attaches to specific real or personal property |
