Property, Tax & Surveying Glossary
Plain-language definitions for the property, tax and land-surveying terms used across every ParcelSizer calculator, from NOI and FAR to SDLT and DLD.
- Terms
- 60+
- Across six domains
- Domains
- 6
- Valuation to surveying
- Jurisdictions
- 6
- Localised tax terms
Formula & Statutory Rule
Formula
term → definition, domain, jurisdictions
Statutory Rule
glossary: static_reference = true; no_runtime_dependency = trueRegional Benchmark Reference
| Jurisdiction / Tier | Rate or Limit | Statutory Note |
|---|---|---|
| Valuation | NOI, cap rate | Income approach |
| Development | FAR, FSI | Zoning envelope |
| Tax | SDLT, DLD | Transfer duties |
Frequently Asked Questions
What is net operating income?
NOI is a property's gross income after vacancy loss and operating expenses, before debt service and tax.
What is floor area ratio?
FAR, or FSI, is total floor area divided by lot area. It caps how much building a plot may carry.
What is boot in a 1031 exchange?
Boot is any value received in an exchange that is not like-kind property, such as cash or net debt relief, and it is taxable.
What is a Nigerian plot?
A standard residential plot in Lagos is 648 square metres, with a half-plot at 464.5 square metres.