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The Test of Highest and Best Use is applied to an improved property both as improved and as if vacant. Vacant properties are generally only given the as vacant test. The Highest and Best Use as vacant may be the same or different as the Highest and Best use as improved.
Market value is the prevailing, but not exclusive measure of determining the just compensation owed to a landowner under the Fifth Amendment. Fair Market Value is defined by appraisers as the most probable price, in terms of cash that would be paid by a willing buyer to a willing seller, each being fully informed of the property's good and bad features, with the property being exposed on the ...
The only professional credential requirements are for the county surveyor, who must be a licensed land surveyor. Arkansas has 75 counties, including 10 with dual county seats: Arkansas, Carroll, Clay, Craighead, Franklin, Logan, Mississippi, Prairie, Sebastian, Yell. These dual county seats were established to allow for court business to ...
In order to account for the usage of the land, the net operating income is reduced by the Liegenschaftszins (interest paid to the land-owner by the owner of the building, i.e., ground rent). The Liegenschaftszins is the product of the land value and the Liegenschaftszinssatz (interest rate for land use).
The proceeds from each sale of tax delinquent property are dedicated to public schools throughout the state. The Land Commissioner also serves as leasing agent for oil, natural gas, sand and gravel deposits on state lands, administers the beds of navigable rivers and streams, and is custodian of Arkansas' original land records. [4]
The report shows that in Arkansas cigarette smoking is among the highest in the nation, as well as tobacco-related cancers. American Lung Association gives Arkansas an ‘F’ for tobacco control
Arkansas Game and Fish Commission v. United States, 568 U.S. 23 (2012), is a decision by the Supreme Court of the United States holding that it was possible for government-induced, temporary flooding to constitute a "taking" of property under the Fifth Amendment to the U.S. Constitution, such that compensation could be owed to the owner of the flooded property.
Balance; Balloon mortgage; Bargain-and-sale deed; Baseline – a line that is a base for measurement or construction, lines that divide north/south or east/west in surveying ...