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Simple English definitions for legal terms
APN
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A quick definition of APN:
APN: APN stands for assessor’s parcel number. It is a unique identification number assigned to a piece of land or property by the local government. Think of it like a social security number for a piece of land. It helps the government keep track of who owns the land and how much it is worth for tax purposes.
A more thorough explanation:
Definition: APN stands for assessor’s parcel number. It is a unique identification number assigned to a specific piece of real estate by the local government for tax and assessment purposes.
Example: If you own a house, your local government will assign an APN to your property. This number will be used to identify your property for tax purposes and to keep track of any changes made to the property.
Explanation: The APN is a way for the government to keep track of all the properties in a given area. It helps them to identify each property and to make sure that the correct taxes are being paid. For example, if you make improvements to your property, the government will use the APN to update the value of your property and adjust your taxes accordingly.