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annexation |
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annexation The process of joining property to another.Arises in two contexts: (1) Personal property is annexed to real property,becoming a part of it,and must remain if the property is sold or if a leasehold interest comes to an end. (2) Local governments expand their jurisdictional limits and tax bases by annexing property.The process is usually accomplished through local ballot and is generally hotly contested by groups of property owners who do not want to lose their independence or see an increase in property taxes. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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