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What is the difference between a parcel address and a premise address?

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What is the difference between a parcel address and a premise address?

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Parcel addresses are assigned to a single piece of land. Premise addresses are assigned to buildings and/or units that are located on a parcel of land. In cases where the parcel of land contains a single structure that is owner-occupied, the parcel address and premise address are the same. In cases where many structures are located on the same parcel (such as apartment complexes or business parks), the premise address will be different than the parcel address.

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