Ownership Plats and Property Valuation

Questions and Answers

What is the primary responsibility of the county recorder regarding ownership plats?

To assess the value of real estate in the county.

To create and update ownership plats. (correct)

To conduct property surveys for the county assessor.

To maintain a book of ownership plats for easier access.

How do ownership plats assist county assessors during property valuation?

They classify properties based on their geographic features.

They help determine the sales price of properties.

They indicate the location, size, and shape of properties. (correct)

They provide financial data on property values.

Which of the following best describes a parcel in terms of property identification?

An area of land that has been assessed for tax purposes.

A single unit of land capable of being separately owned. (correct)

Any piece of land with multiple owners.

A collective term for various smaller plots owned by one entity.

What does the Automated Geographic Reference Center (AGRC) do?

Coordinates GIS data storage and transmission standards. Signup and view all the answers

What is indicated on an ownership plat?

Graphic descriptions of land parcels and their relationships. Signup and view all the answers

What is the standard size for ownership plats?

18" x 18" Signup and view all the answers

Which scale is commonly used for urban area ownership plats?

1"=50' Signup and view all the answers

What should ownership plats include to maintain usability?

Standardized symbols, lines, and letters Signup and view all the answers

What is the purpose of using streets and survey lines in ownership plats?

To serve as physical boundaries Signup and view all the answers

Why should plat scales be easily convertible from feet to meters?

To ensure global usability Signup and view all the answers

Study Notes

Ownership Plats and Responsibilities

Ownership plats are essential for property identification and valuation.
County recorders are responsible for creating and updating ownership plats.
Important for county assessors and the State Tax Commission during real estate valuation.
Assessment requires ownership plats to determine property location, size, shape, and relationship to geographic features.

Legal Sections

Section 17-21-21 highlights the responsibility of county recorders in plat creation.
Section 17-21-22 states county recorders must provide ownership maps to county assessors by January 30.

Definitions

Ownership Plats: Graphic representations of land parcels indicating size and position relative to features like rivers and roads. They include parcel serial numbers.
Parcel: A contiguous land area described in a single deed, capable of separate conveyance, often within a single general use.
Geographic Information System (GIS): Digital storage and transfer system for ownership plats and associated data.

Automated Geographic Reference Center (AGRC)

State agency coordinating GIS data standards for government use.
Ensures data access is flexible without altering original plats.

Content of Ownership Plats

May include names of recorded owners, addresses, acreage, and locations of non-public streets, trails, and streams.

Plat Design Standards

Ownership plats must be standardized for uniformity in size (18" x 18") and scale (e.g., 1"=100' for detailed sections).
Urban areas typically use scales like 1"=50', while rural areas may use 1"=400'.
Specific design elements (headings, title blocks) are mandatory.

Standardization Essentials

Symbols and Layouts: Standardized symbols, lines, and lettering for usability. Layout includes titles and keys.
Boundaries: Utilize streets and survey lines as boundaries, minimizing extension between parcels.

Subdivision Recording

Subdivisions must be legibly scaled on ownership plats for clarity.

Plat Material and Backup

Ownership plats must be produced on stable, reproducible polyester film or comparable media.
Backup copies of data should be stored off-site for safety.

GIS Coordination

Counties must adhere to state standards for uniform plat design and coordinate with AGRC for GIS uniformity.

Plat Maintenance

Continuous updating of ownership plats is crucial due to their significant capital investment.
Maintenance includes recording changes and corrections and plans for re-platting new subdivisions.

Property Identification Systems

Accurate property identification is key to valuation; parcels must be assigned unique identification numbers or codes.
A parcel identification system facilitates referencing land parcels efficiently, ensuring organized property file indexing.

Description

This quiz covers the essential role of ownership plats in real estate assessment. It explores the responsibilities of county recorders and assessors, focusing on how plat maps aid in property valuation. Learn about the legal aspects and practical applications involved in property ownership and taxation.