Appraisal Terminology Abatement – Abatement is an official reduction or invalidation of an assessed valuation after the initial assessment for ad valorem taxation has been completed; the termination of a nuisance; a reduction in rent levels that a landlord charges … Read More..
Tag: eminent domain
Eminent Domain • Eminent Domain is the right of the government to acquire private property for public purposes upon payment of just compensation. Condemnation is the actual process that will occur to acquire that private property. • The US and … Read More..