Tax Rolls "66.667% Undivided Interest"

[Samantha M.]

I was researching some properties in a subdivision and found one that read

Legal Description:
Green Hills Addition
Blk 14 Lot 5
66.667% Undivided Interest

Does the "66.667% undivided interest" indicate this is an estate / probate property? What does the term 66.667 undivided interest mean exactly?

Thanks!

[Account Closed]

It means somebody owns the other 33.333%. Doesn't indicate anything in particular. When multiple parties own a property as tenants-in-common their share can be sold separately. Sometimes it's intentional, sometimes it's not. Sometimes people deed away percentages as an estate planning strategy. Sometimes when a tenant in common dies, their share gets distributed to their heirs. I've seen as little as a 1/16 interested get distributed to multiple heirs.

66% ownership does indicate multiple owners, which can sometimes be a good lead.