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Simple English definitions for legal terms

special-use valuation

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A quick definition of special-use valuation:

Special-use valuation is a process of determining the value of a property, especially farmland, in an estate. It allows the executor to value the property at its current use instead of its highest potential value. This helps in reducing the tax burden on the estate.

A more thorough explanation:

Definition: Special-use valuation is the process of valuing real property, such as farmland, at its current use rather than its highest potential value. It is an option available to executors of an estate for tax purposes.

Example: Let's say a farmer passes away and leaves behind a large piece of farmland. The executor of the estate can choose to value the land based on its current use as farmland, rather than its potential value as a commercial or residential development. This can result in a lower tax bill for the estate.

Explanation: Special-use valuation allows for a more realistic and fair assessment of the value of certain types of property, such as farmland, that may not be used to their highest potential. By valuing the property based on its current use, rather than its potential use, the tax burden on the estate can be reduced. This can be especially helpful for family-owned farms that may not have the resources to pay high estate taxes.

special-use permit | special venire

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EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
12:25
@ChowieBean: doing the same thing
Does anyone think au gonna get back to us today
My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
1a2b3c4d26z
12:41
They updated it so they could watch my video one trillion times
brookyln law portal just added person id and application id for me, what does it mean??
Dkk
12:52
@VolatileClumsyAcolyte: well someone got an A so maybe an A
just checked the reddit, apparently it means nothing..
HAPPY FRIDAY HAPPY UCLA DAY
what time would they release cuz west coast
BulbasaurNoLikeCardio
12:54
I hate that Vanderbilts portal gives no status
HopefullyInLawSchool
12:54
@VolatileClumsyAcolyte: did you apply YM to Brooklyn?
JumpySubsequentDolphin
12:57
@SplitterusClitterus: THEY BETTER HAVE AN A WAVE TODAYYY
glovediedthisishismom
12:57
kendrick lamar
glovediedthisishismom
12:57
album
JumpySubsequentDolphin
12:57
I think usually they release at like 1ish?
JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
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