The Real Estate Roundtable is an organization composed of leading owners, developers, and stakeholders in the real estate industry, focusing on legislative actions, policies, and government interventions affecting real estate finance, taxation, and investment.
Relocation benefits refer to payments made by the government to occupants who are forced to move due to a condemnation action. Condemnation is the legal process by which the government takes private property for public use through eminent domain. These benefits are designed to cover the costs associated with moving to a new location and are provided to anyone affected, including property owners, tenants, and other non-owner occupants.
A Special Assessment District is an area where a special assessment is imposed on property owners to fund public projects that provide specific benefits to the residents within the defined area.
Tax Exemption is a full or partial retraction of property from the tax base, resulting in a lower AD VALOREM tax for the property owner.
