Land that is privately owned and on the state and county tax rolls.
( damned spell check!)
Thanks, MH. I guess we have a lot of that in Tx though it seems i only hear that term in relation to NM.
If you look at ranches that are up for sale on sites like
www.landwatch.com, you'll often see a price attached to a total number of acres and then in the details there is a breakdown between deeded acres and leased acres. So what initially may look like a great price doesn't look like such a good deal when you see what you're actually buying.
