Condominium Real Estate Definition In Maricopa
Description
Form popularity
FAQ
Property classified as Legal Class 4.1 is not listed as a registered rental but still does not receive the State Aid to Education Tax Credit. An example of a property in Legal Class 4.1 is a secondary home.
The LPV is established by what is called a “Rule B” ratio. The Rule B ratio is the ratio of the average LPV to the average FCV for similar properties in the same classification throughout the county. Rule B ratios vary by county, by class of property, and by tax year.
Arizona allows a $4,748 Assessed Value property exemption to Arizona resident property owners qualifying as a widow/widower, or a person with total and permanent disability, or a veteran with a service or non-service connected disability.
In the Rule 11 process, the Court orders two Mental Health Experts to meet with the defendant, conduct competency evaluations, review records, and render opinions on the legal competency status of the defendant in reports submitted to the Court.
Building permits are required for all structures with the exception of a structure that is less than 200 square feet with no electrical, plumbing or mechanical.
However, certain changes, such as new constructions or additions, parcel splits or consolidations, or changes to a property's use trigger a reassessment of the LPV.
An apartment building in which each apartment is owned separately by the people living in it, but also containing shared areas.
A inium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
A project comprised of two, three, or four residential units in which each unit is evidenced by its own title and deed. A two- to four-unit condo project may be either a new or established project and may be comprised of attached and/or detached units. A project consisting partially or solely of manufactured homes.
Townhouses have multiple stories in most cases and the neighbors are on each side. iniums are horizontal spaces. That's nice but your lender and bank have a different criteria. They rely on the county assessor to determine the type of property associated with an address.
