A disclosure filed with the state when a time-share project or subdivision is sold. …
Property Tax
Tax paid on privately owned property. Property taxes are usually paid semiannually, or monthly if the lender requires. The amount is based on local tax rates and assessed property value. …
Property Tax Deduction
The U.S. tax code allows homeowners to deduct the amount they have paid in property taxes. …
Property Value
The value of a piece of property, based on the price a buyer will pay at a given time. …
Prorate
To allocate percentages of certain expenses to be paid by the buyer and seller at the time of closing. …
Punch List
A list compiled by a buyer prior to a sale detailing items to be fixed before closing. …