590 chapter 4
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MBA 590 Real Estate Analysis
! College of BusinessAlfaisal
UNIVERSITY
Chapter 4 !
Government Controls
Regulate Take Tax
Three Powers
Regulate
enjoying benefits and imposing costs on
someone else
Externalities
Inspect for structural soundness and safety
need land to build roads
police power of government
Land Use Regulation
Building Codes Zoning Regulations
Land Use Regulation
Take
government’s right to take property for
public use in exchange for just compensation
Eminent Domain
when government acts to take
property
Condemnation
Saudi Basic Law Article 18 !
The State shall guarantee private ownership and its sanctity. No-
one shall be deprived of his private property, unless in service of the public interest. In this case, a fair compensation shall be given
to him. !
Tax
tax applied to the owner of real estate typically based on
value
Property Tax
estimates value of property
Tax Assessor
regulate take tax
Summary
top related