The Owner of Record field displays the name of the person(s) or entity that will show on the tax roll as the “Owner” for value and tax bill purposes. This office is required to determine legal and/or beneficial title for assessment and exemption purposes,
therefore, the person or entity listed as “Owner” may not be the fee simple title holder. Please review all sales/transactions or conduct a title search for complete title and ownership information.
Sole Owner:Exclusive ownership interest in real estate, whether by an individual, corporation, or trust.
Tenants by Entirety:Ownership of real property held by a married couple, where each person owns the undivided whole of the property, coupled with the Right of Survivorship, so that upon the death of one, the survivor is entitled to the decedent's share.
Joint Tenants:Asset ownership for two or more persons in which each owner holds an equal share. In the event of death, an owner's share is divided equally among the surviving co-owners.
Tenants in Common:Asset ownership for two or more persons in which each owner holds an individual, undivided share and may give away or sell that share without the permission of the other owner(s). In the event of death, an owner's share is passed to their heirs through probate.
Life Estate:An ownership interest in real estate giving a person, the “Life Tenant”, the right to enjoy benefits of ownership of the property during his or her lifetime, while designating to whom ownership of the property will revert to upon their death.
Ninety Nine Year Lease:An agreement in which the tenant is allowed to enjoy benefits of ownership, including applying for a homestead exemption on property taxes.
Agreement for Deed:An agreement in which the seller retains legal title to the property, while the buyer is allowed to enjoy other benefits of ownership, including applying for a homestead exemption on property taxes.