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An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
In these municipalities, a geographic index is often created to aid in title searching. In this system, each document is posted in both a Grantor and Grantee index in addition to being posted to indexes describing attributes of the property's location such as a lot number, subdivision name or Parcel Identification Number (PIN).
A property legally described by a metes and bounds description may still be assigned a Tax Identification Number based on a separate Lot and Block system. In this case, a survey of all parcels in the county or municipality would be combined to create a separate Block and Lot system to identify the properties for taxation purposes.
The number of sections within a jurisdiction dictates how many volumes are needed for a single period. In comparison to the atlas (also called a plat map or cadastral map ), which is a graphic representation of land ownership in a township for the date of publication, the tract index is relatively dynamic. [ 2 ]
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
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