Glossary for Property - IAAO

Glossary for ProPerty aPPraisal and assessment 1 Return to Table of Contents Numeric 4-3-2-1 Rule—An empirical rule that ascribes 40 percent of the value of a standard lot (see lot, standard) to the quarter of the lot fronting on the street, 30 percent to the next quarter, 20 percent ................
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