Close
A system of ownership by which an owner has all rights associated with possessing a property, subject only to limitations such as police power or eminent domain. The _______ system in its most extreme form is expressed in late Roman law: a property owner has the right to "use and abuse" his/her property.
Four Government Rights
The right of the government to take privately owned property for a public use or improvement by paying just fair compensation.
Taking private property for public use.
Is used when there is no agreement or the legal proceedings used by the government to take the property.
Public corporations are called
If owner and government are unable to negotiate satisfactory compensation, the government initiates __________ action to take the property.
The government may condemn for .....
The right of the government to control the use of privately owned property.
The right of government to enact laws for the protection of the 'health, safety, morals and general welfare' of the people.
Created to protect purchasers from deceptive practices once common in the sale of unimproved land.
Controls the dividing up of the land.
Sets minimum structural standards
Rules set up by local governments to regulate building and construction standards.
Laws of local governmental authorities (cities, counties) that regulate and control the use of the land.
Regulates building heights, use of the building, setbacks, etc..
Land use classifications
Enforced through the use of building permits.
Where the use was there before the Zoning; which is now prohibited but the use remains.
A permission from planning and zoning to use the property from other than what it is zoned.
Regulate height, bulk and use of buildings; the use of land, and the density of population.
Usually divide into use classifications of residential, commercial, industrial and agricultural.
Have been established in most communities to hear complaints and petitions.
A permitted use of property which was lawfully established but now no longer conforms to current use regulations because of a change in the zoning.
Permission given by zoning authorities to use a property for some purpose not presently permitted by the zoning laws.
Is considered a restriction on the use of land and not a claim against title which is called an Encumbrance.
The reversion of property to the state when a person dies without a will and without heirs.
The right of the government to have private property revert to the government if a person dies with no will and has no heirs.
Arizona (allow, does not allow) hand written will without notary.
A person dies without a will and no heirs is called
If a person dies intestate, property is sold after ______ years if there is no claimant.
If a property is sold after the owner died intestate, heir has ______ years to claim proceeds.
If property is sold after owner died intestate, proceeds is deposited in _____________.
The right of the government to take money from the people to pay for the cost of government services (Police, Fire, Education, etc.)
Ad valorem taxes
Taxes levied in Arizona are on a combined rate that reflects the budget needs of the state, county, city, school district, and any other special governing, district that encompasses the property.
Property taxes is levied by the _______________ once a year
Property taxes is a ______________ on real property/real estate.
Property taxes is collected by and paid to the ______________ twice a year
Each year the _____________ meets at the state capitol to fix rate of taxation to be levied for state purposes to be collected in each county.
The ____________ levies upon real property the rates of taxation as set by the joint legislative tax committee.
The _________________ levies all taxes to be collected for county purposes.
The tax levy amount for each tax district is determined by dividing the __________of all taxable properties within a particular tax district into the amount of money that needs to be raised, thus: Budget / _________ = Tax Levy
The amount of ________ is imposed on each $100 of the assessed value of a specific property to arrive at the yearly taxes.
The ___________ has the responsibility to locate and appraise all real property in a given county at current Full Cash Value (FCV)
The appraisal process is continuous, but values established by _________ each year are used during following year for assessment purposes.
Is the value upon which the tax bill is computed.
An assessment percentage rate set by the ________ is applied to the Full Cash Value to arrive at the assessed value.
Assessment rate for owner occupied residential
Assessment rate for residential rental (apartment or home)
Assessment rate for commercial property/vacant land
Assessment rate for vacant land/agricultural
Penalty for tax delinquency
Computation of tax bill
Property owners dissatisfied with their assessments have these courses of appeal
A tax levied upon real property is a ________________.
The lien on property assessed attaches on ___________.
This lien is superior to all other liens and encumbrances except those held by the state.
Who collects taxes?
First half taxes date
Second half taxes date
Due date of first half (taxes)
Due date of second half (taxes)
When is first half delinquent? (taxes)
When is second half delinquent? (taxes)
County Treasurer must notify taxpayer of delinquency not later than next ________.
The sale of a delinquent property shall not be earlier than _______ nor later than _______.
On the day of sale, if there are no offers, the Treasurer issues to the _________ a Certificate of Purchase.
If sale of delinquent property is sold to a person who pays in cash the total taxes owed, penalties and charges, and also offers to accept the lowest interest rate from owner to redeem the property. This person is then issued the _____________.
Possession does not follow Certificate of Purchase, but awaits delivery of Treasurer's Deed after expiration of __________.
Owner of property may redeem at any time within ______ years from date of sale. (Redemption Period)
If there is no redemption within three years, purchaser can bring court action to foreclose his lien and then receive _____ to the property.
