Glossary of Terms - Property Value
Definitions are referenced from various governmental real estate sites,
IAAO
z-Statistic
The number calculated in a z-test, whose significance is evaluated by reference to a z-table.
z-Table
A table of critical values associated
with the z-test.
z-Test
A test of any of a number of hypotheses
in inferential statistics that has validity if sample size is sufficiently large
and the underlying data are normally distributed.
Zangerle Curve
A corner influence graph devised by John
A. Zangerle, showing, for any given main street frontage, the percentage of the
side street value to be added as corner influence to the value of the lot computed
as an inside lot fronting on the main street. Compare Bernard rule.
Zoning
The exercise of the police power to restrict
land owners as to the use of their land and/or the type, size, and location of structures to be erected thereon.
