Glossary for Property Appraisal and Assessment

202 Pages·2013·0.97 MB·English

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Glossary for Property
Appraisal and Assessment
Second Edition
INTERNATIONAL ASSOCIATION of ASSESSING OFFICERS
About International Association of Assessing Officers
The International Association of Assessing Officers (IAAO) is a nonprofit,
educational, and research association. It is a professional membership or-
ganization of government assessment officials and others interested in the
administration of the property tax. IAAO was founded in 1934, and now has
a membership of more than 7,000 members worldwide from governmental,
business, and academic communities.
International Association of Assessing Officers
314 W 10th St
Kansas City. Missouri 64104-1616
www.iaao.org
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Glossary for Property Appraisal and Assessment
Second Edition
iii
ISBN: Digital, English 978-0-88329-211-2
Digital, Spanish 978-0-88329-211-2
Copyright © 2013 by the International Association of Assessing Officers, 314
W 10th St, Kansas City. Missouri 64104-1616.
www.iaao.org
All rights reserved including rights of reproduction and use in any form or by
any means, including the making of copies by any photo process or by any
electronic or mechanical device (printed, written, or oral), or recording for
sound or visual reproduction, or for use in any knowledge or retrieval system
or device, unless permission in writing is obtained from the copyright holder.
Published in the United States of America
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Foreword
This most recent edition of the Glossary for Property Appraisal and Assessment
reflects the changing technologies and needs that affect the assessment pro-
fession.
The original glossary, Assessment Terminology, was published in 1937,
shortly after the founding of the National Association of Assessing Officers.
In 1956, Assessment Terminology was revised and reissued. Originally pub-
lished in 1997, the Glossary for Property Appraisal and Assessment was
based on Assessment Terminology but had been expanded and updated.
The publication was converted to an online resource from 2004 to 2013
that did not follow the traditional book format. This edition, has been
convert-ed back to the more traditional book format, but will remain a
digital-only resource. Efforts have been made to expand the functionality of
the book to allow printing of pages, adding annotations to personal copies
and sharing definitions with colleagues.
Future plans for the glossary include making additional updates in 2014 and
providing more frequent updates as terms are added or redefined.
Suggestions for glossary entries are encouraged and can be sent to:
Attn: Technical Standards Committee—Glossary
IAAO
314 W 10th St
Kansas City. Missouri 64104-1616
or to [email protected]
Chris Bennett
Director of Publications
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Table of Contents
Numeric .............................................................................................1
A ........................................................................................................1
B ......................................................................................................17
C ......................................................................................................23
D ......................................................................................................45
E .......................................................................................................56
F .......................................................................................................65
G ......................................................................................................71
H ......................................................................................................77
I ........................................................................................................80
J ........................................................................................................87
K ......................................................................................................87
L .......................................................................................................88
M .....................................................................................................97
N ....................................................................................................108
O ....................................................................................................112
P .....................................................................................................117
Q ....................................................................................................135
R ....................................................................................................136
S .....................................................................................................148
T .....................................................................................................162
U ....................................................................................................176
V ....................................................................................................179
W ...................................................................................................184
Y ....................................................................................................185
Z ....................................................................................................186
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