Tennessee Legal Description is a crucial aspect of real estate transactions in the state, providing a detailed written account of the boundaries and exact location of a specific property. It is used to accurately identify and describe the land, ensuring clarity and legal certainty for all parties involved. The legal description typically includes keywords such as metes and bounds, monuments, landmarks, distances, and compass directions. In Tennessee, there are several types of legal descriptions used, including: 1. Metes and Bounds: This type of legal description relies on a combination of measurements and directions using physical features or landmarks. It describes the property's perimeter by providing distances along each boundary line and the angles or directions between each turning point. 2. Subdivision Lot and Block: This legal description is commonly used for properties located within a subdivision. It refers to a recorded plat or map dividing the land into individual lots, assigning them numbers or letters. The description includes the lot number or letter, the block number, and the name of the subdivision. 3. Government Survey System: Also known as the Public Land Survey System (PASS), this method divides land based on a grid system established by the federal government. The grid consists of townships, ranges, and sections, which are further subdivided into smaller fractional parts. This legal description includes information such as the township, range, section, and fraction of the section where the property is located. Well or Unit Information, on the other hand, pertains to the oil and gas industry in Tennessee. It includes detailed data about individual oil or gas wells and the units associated with them. Some relevant keywords related to well or unit information include well name, API number, field name, lease name, operator name, well status, spud date, total depth, and producing formation. In addition to these basic details, more specific information may be required depending on the purpose of the well or unit, such as production rates, reservoir names, well logs, completion details, and plugging records. It is essential for property owners, buyers, and industry professionals to have a comprehensive understanding of Tennessee Legal Descriptions and Well or Unit Information to ensure proper land ownership, smooth real estate transactions, and efficient management of oil and gas resources.
Tennessee Legal Description and Well or Unit Information
Description
How to fill out Tennessee Legal Description And Well Or Unit Information?
Are you currently in a position that you need to have paperwork for either enterprise or individual uses nearly every day time? There are tons of legal record web templates available on the net, but discovering versions you can rely on is not easy. US Legal Forms delivers 1000s of form web templates, much like the Tennessee Legal Description and Well or Unit Information, which can be written to meet state and federal requirements.
Should you be already acquainted with US Legal Forms site and possess your account, merely log in. Following that, you are able to obtain the Tennessee Legal Description and Well or Unit Information web template.
Should you not have an accounts and need to begin to use US Legal Forms, abide by these steps:
- Obtain the form you will need and make sure it is for the correct city/area.
- Make use of the Review key to check the shape.
- Read the outline to ensure that you have chosen the appropriate form.
- If the form is not what you are searching for, make use of the Lookup discipline to discover the form that meets your requirements and requirements.
- Once you get the correct form, simply click Buy now.
- Choose the prices prepare you desire, complete the specified details to create your account, and pay money for the order utilizing your PayPal or bank card.
- Select a hassle-free data file format and obtain your version.
Find all the record web templates you possess purchased in the My Forms food list. You can aquire a additional version of Tennessee Legal Description and Well or Unit Information any time, if necessary. Just click on the necessary form to obtain or produce the record web template.
Use US Legal Forms, the most extensive assortment of legal kinds, to save lots of time as well as avoid errors. The assistance delivers appropriately made legal record web templates that can be used for a range of uses. Produce your account on US Legal Forms and begin generating your life easier.
Form popularity
FAQ
A property is described in a deed in three basic ways: Metes and Bounds; Subdivision and Lot; and Section, Township, and Range. The first two are common in Tennessee whereas the third is not (it isn't unheard of, but not common). Legal Description - Tennessee Land Development Services tnlds.com ? tims-blog ? glossary ? legal-des... tnlds.com ? tims-blog ? glossary ? legal-des...
You can easily calculate your effective tax rate as an individual taxpayer. Do this by dividing your total tax by your taxable income. To get the rate, multiply by 100.
Be 65 years of age or older by the end of the year in which the application is filed. Have an income from all sources that does not exceed the county income limit established for that tax year.
It depends, under certain circumstances a party's payment of property taxes can create a rebuttable presumption that the party has title, or ownership, to the property in question. These requirements are addressed in Tennessee Code Annotated §§ 28-2-109 & 110. Will Paying Property Taxes Give Me Ownership to a Piece of Property? woodenlaw.com ? will-paying-property-taxe... woodenlaw.com ? will-paying-property-taxe...
Taxes are not applied to that full market value, rather to the assessed value. For residential property, assessed value is equal to 25% of market value. Thus, if your county assessor appraises your property at $100,000, your assessed value will be $25,000. Your tax rate applies to that amount.
To calculate your property tax, multiply the appraised value by the assessment ratio for the property's classification. Then, multiply the product by the tax rate.
Tangible Personal Property is all property owned or held by a business to operate that business, including but not limited to, furniture, fixtures, vehicles, tools, machinery, equipment, raw materials, and supplies. Tangible Personal Property - Montgomery County, TN mcgtn.org ? assessor ? tangible-personal-property mcgtn.org ? assessor ? tangible-personal-property
Tennessee Property Tax Rates Rates are expressed as dollars per $100 of assessed value. If your mill rate is $3.00 and your assessed value is $25,000, your total taxes will be $750 per year. The effective rate on a property is the amount of taxes paid as a percentage of home value, not assessed value. Tennessee Property Tax Calculator - SmartAsset smartasset.com ? taxes ? tennessee-property-tax-ca... smartasset.com ? taxes ? tennessee-property-tax-ca...
