Illinois Legal Description and Well or Unit Information
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How to fill out Legal Description And Well Or Unit Information?
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FAQ
A third way of giving a legal description is called the lot and block description, which is used in cities with new subdivisions. The lot and block description is recorded on a plat map.
A legal description is a formal description of real property that identifies the boundaries of an entire parcel. The basic test as to whether a legal description is good is whether a surveyor can properly locate and identify the parcel based upon its description.
There is no set rate for property tax in Illinois. Your tax bill is based on two factors, the equalized assessed value (EAV) of your property, and the amount of money your local taxing districts need to operate during the coming year. Most property is assessed at 33 1/3 percent of its fair market value.
Illinois does not collect business personal property tax, this was replaced with personal property replacement taxes (PPRT) in 1979. All property other than real estate is exempt from the property tax in Illinois.
The legal description is commonly provided in a deed, mortgage, title commitment or other purchase document. It can also be obtained from a county recorder, tax assessor, or similar official. On a very basic level a legal description will involve a Lot, a Block and a Subdivision name to define the property.
The type of legal description that courts prefer is metes and bounds legal description.
In order to correct an error on a California deed, you will need to revise or modify the language in the deed to remove the error. If your deed has been signed and recorded, you will need to complete a Correction Deed or a Scrivener's Affidavit to correct the error.
A legal description is a written recorded document defining the boundaries of a property. The legal description must contain, at the very least, the city and county the property is located in. In practice, the description has to contain enough information so that a surveyor can reliably determine the boundaries later.
