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RPA Level III Review Exam Questions With Correct Answers.

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RPA Level III Review Exam Questions With Correct Answers.

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RPA Level III Review Exam Questions
With Correct Answers

tax |- |CORRECT |ANSWER✔✔-the |monetary |payment |that |the |government |legally |requires |a |
person |to |pay



rate |- |CORRECT |ANSWER✔✔-percentage |that |determines |the |amount |of |tax |ex. |.08x1.0



property |tax |- |CORRECT |ANSWER✔✔-measured |by |the |value |of |the |property



agencies |in |the |property |tax |system |- |CORRECT |ANSWER✔✔-taxing |unit

appraisal |dist

state |agencies

texas |legislature



taxing |unit |- |CORRECT |ANSWER✔✔-local |government |that |levies |property |tax



name |of |taxing |unit |- |CORRECT |ANSWER✔✔-city

county

school |dist

special |dist...mud, |hospital



state |agencies |- |CORRECT |ANSWER✔✔-comptroller

tdlr

, texas |education |agency-school |dist

texas |legislature



governing |bodies |- |CORRECT |ANSWER✔✔-school

county

city

others

board |of |directors



phases |of |tax |calendar |- |CORRECT |ANSWER✔✔-equalization |phase-5/15-7/25

assessment- |7/25-10/1

collection-10/1-1/31



steps |of |appraisal |process |- |CORRECT |ANSWER✔✔-discovery

list |characteristics

appraise |property

determine |situs

apply |exemptions

send |NAV

submit |records |to |ARB



reappraisal |is |done |how |many |times |- |CORRECT |ANSWER✔✔-once |every |3 |years



USPAP |stand |for |- |CORRECT |ANSWER✔✔-uniform |standards |of |professional |appraisal |practice



3 |approaches |to |value |- |CORRECT |ANSWER✔✔-cost

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