The title industry has its own language. Many of its words and idioms are derived from the language of the law while others are common words given special meaning related to land titles. There are also words and phrases coined over the years by the title industry itself.
(1) The act of fixing the amount of taxes or special improvement charges.
(2) The amount of taxes or special improvement charges. Special improvement charges are usually for the costs of streets, sidewalks, sewers, etc.
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News Digest-February 15, 2022
Construction, Fannie Mae, Housing Prices, Real Estate Market, Refinance