| Easement - A right held by one person to use the land of another for a specific purpose, such as access to other property. |
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| Economic life - The period of time during which a given building or other improvement to property is expected to contribute (positively) to the value of the total property. This period is typically shorter than the period during which the improvement could be left on the property, that is, its physical life. |
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| Economic obsolescence - Loss in value of a property (relative to the cost of replacing it with a property of equal utility) That stems form factors external to the property. For example, a buggy-whip factory, to the extent that it could not be used economically for anything else, suffered substantial economic obsolescence when automobiles replaced horse-drawn buggies. |
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| Economic rent - In economics, the payment received by an owner of something being bought or rented in excess of the minimum amount for which he would have sold or rented it. |
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| Effective age - The typical age of a structure equivalent to the one in question with respect to its utility and condition. Knowing the effective age of an old, rehabilitated structure or a building with substantial deferred maintenance is generally more informative than knowing its chronological age. |
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| Effective gross income - Potential gross rent less vacancy and collection loss plus miscellaneous income. |
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| Effective tax rate - The tax rate expressed as a percentage of market value; this will be different from the nominal tax rate when the assessment ratio is not equal to 1. |
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| Emblements - Annual crops. |
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| Equalization - The process by which an appropriate governmental body attempts to ensure that property under its jurisdiction is appraised equitably at market value or as otherwise required by law. |
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| Equalized values - Assessed values after they have all been multiplied by common factors during equalization. |
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