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| Highest and best use - A concept in appraisal and in assessment law requiring that each property be appraised as though it were being put to its most profitable use, given probable legal, physical, and financial constraints. The concept is most commonly discussed in connection with underutilized land. |
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| Holding period - The length of time an investor expects to own a given property before selling it to someone else. |
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| Homogeneous - Possessing the quality of being alike in nature and therefore comparable with respect to the parts of elements; said of data if tow or more sets of data seem to be drawn from the same population; also said of data if the data re of the same type (that is, if counts, ranks, and measures are not all mixed in together). |
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| Horizontal inequity - Differences based on criteria other than value range in the levels of assessment of groups of properties. For example, properties in one neighborhood may have a higher level of assessment than similar properties in an other neighborhood.. See vertical inequity. |
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| Hotspot - A geographic area where sales activity is usually strong and, usually, market values are rising and assessment ratios are declining. |
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