Environmental
Kentucky's natural heritage database is used in real estate to identify properties that:
AHave historic landmark designations
BMay contain rare or endangered species or significant natural communities requiring special consideration✓ Correct
CAre eligible for agricultural tax exemption
DAre located in KREC-designated conservation areas
Explanation
Kentucky's Natural Heritage database documents the locations of rare and endangered species and significant natural communities. Developers and buyers should consult it when evaluating sites for development.
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Key Terms to Know
Comparable Sales (Comps)
Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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