REAL 4000 Test 2 - UGA Dr. Martin Questions and answers
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Course
REAL 4000
Institution
REAL 4000
ad valorem taxes - tax base is on the value of the property, not the income generated
amortization - refers to the separating of the principle of a payment from the interest portion of
the payment
annuity - you have the same set of cash flows every single month of the same amount (loan
payments...
ad valorem taxes - tax base is on the value of the property, not the income generated
amortization - refers to the separating of the principle of a payment from the interest portion of
the payment
annuity - you have the same set of cash flows every single month of the same amount (loan
payments)
annuity due - payments at the beginning of a period
FV/PV AD = (1+R)(FV/PV of RA)
Assessed value - % of the market value as determined by an appraiser, GA 40%
basic premise of urban economic growth - long run economic fortunes of a city are most
dependent on the performance of those employers who trade with other local economies
City - a location where the density of economic activity is greater than its surrounding area, forms
when it is better to have households and firms close together to achieve a comparative advantage
defensive/ ceremonial cities - earliest cities tended to be mainly defensive or religious in nature
economies of scale in defending you people
religious significance of certain locations
, economic base - employers located within a city whose trade area extends beyond the local
economy
by trading with other local economies at a profit, they bring income into the local economy that is spent
and re-spent and generates a multiplier effect
eminent domain - government power to acquire land for public use as along as just compensation
(fair market value) is given - 5th Amendment
(millage rate)(assessed value)/(1,000) - Property Tax Bill Calculation
FAR = Floor space to lot ratio - way to control commercial densities, quantitative measure to how
densely you are using your property
high (cities) = more developed
low (rural) = less developed
DT Athens = 5 = (can fill entire property with a 5 story building)
Rural Area = .25 (can fill 1/4 of property with 1 story building)
impact fees - fees that communities charge developers to pay for infrastructure needs created by
a new development
***The NPV of a particular investment will change when you change the discount rate*** - INFO
***Want a higher NPV no matter what*** - INFO
industrial cities - Raw material locations
Rise of the Steel Belt
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