September 27, 2024

Zoning Codes

A designation of letters and numbers used to describe the division of a city or town into districts in order to regulate the use, and/or structural […]
September 27, 2024

Warranty Deed

Deed that conveys clear title to a property. Related Articles: Glossary: Clean Title Glossary: Deed
September 27, 2024

Vested

Having the character or given the rights of absolute ownership; to accrue; fixed; absolute. Related Articles: Glossary: Redemption
September 27, 2024

Valuation

The estimating of property value for taxation purposes. An appraisal of real property. Related Articles: Understanding Tax Deed Sales: A Comprehensive Guide for the U.S Investors 10 Ideas […]
September 27, 2024

Utility Lien

Lien on a property for unpaid utilities – can be unpaid sewer, water, or electricity. These liens are often government issued liens and need to be satisfied […]
September 27, 2024

Township

Rows of a mapping grid defining six-mile increments of land by township lines. Identified as north and/or south of the Baseline. Example: T6S = Township 6 […]
September 27, 2024

Title Search

An examination of the public record to determine the status of the title of a property (the public record being that of the registry of deeds or recorder’s […]
September 27, 2024

Title Insurance

The insurance policy issued by a title company insuring the accuracy of its search against claims of title defects and against loss or dam- age resulting […]
September 27, 2024

Time Value Of Money

The concept that a dollar today is worth more than a dollar in the future, because the dollar received today can earn interest up until the time […]
September 27, 2024

Tax Lien Certificate

The document issued by a public officer to the successful bidder at a tax lien sale. The prima facie (legally sufficient) evidence of lien position. Related Articles: Helpful Resources […]
September 27, 2024

Tax Extension

The process by which the Tax Collector calculates the tax roll for his/her county. The tax roll. The medium by which the actual tax roll is […]