Property Tax Consultant Exam Review questions with answers

Property Tax Consultant Exam Review |\ |\ |\ |\ |\




questions with answers |\ |\




The Texas Property tax code, section 41, provides for local
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review which - CORRECT ANSWERS ✔✔lists the reasons
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for taxpayer appeals
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Property value may be estimated by using - CORRECT
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ANSWERS ✔✔sales comparison, income capitalization,
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and cost approach
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the Texas property tax code, section 42, provides for
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judicial review including - CORRECT ANSWERS ✔✔the
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right to appeal the order determining protest from the
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ARB


appraisal review board (ARB) members are compensated
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by - CORRECT ANSWERS ✔✔the appraisal district
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once a person is appointed to the ARB - CORRECT
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ANSWERS ✔✔may be removed only by a majority vote of
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the appraisal districts board of directors
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,the ARB has the authority to - CORRECT ANSWERS
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✔✔subpoena witnesses, records and financial documents |\ |\ |\ |\ |\ |\



of a business
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uniform standard of professional appraisal practices
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(USPAP) - CORRECT ANSWERS ✔✔are required to be used
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by appraisal districts when estimating market value
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after the ARB has heard evidence from the protesting
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party and appraisal district they shall determine the
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protest and - CORRECT ANSWERS ✔✔notify the taxpayer
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of their decision by written order
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equal and uniform taxation is mandated by - CORRECT
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ANSWERS ✔✔the Texas constitution and the Texas |\ |\ |\ |\ |\ |\ |\



property tax code |\ |\




according to the Texas Property Tax Code, a tax bill mailed
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after January 10, has a delinquency date of - CORRECT
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ANSWERS ✔✔the first day of the next month, providing at |\ |\ |\ |\ |\ |\ |\ |\ |\



least 21 days to pay
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business personal property - CORRECT ANSWERS ✔✔may
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be tangible or intangible
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, a taxpayer may - CORRECT ANSWERS ✔✔designate an
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agent to receive only communications from the chief
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appraiser, the ARB and represent them in property tax
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matters


an acre of land contains - CORRECT ANSWERS ✔✔43,560
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square feet |\




representation of a property owner is governed by what |\ |\ |\ |\ |\ |\ |\ |\ |\



section of the Texas Property tax code - CORRECT
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ANSWERS ✔✔section 1.111 |\ |\




an easement is an interest in real property that -
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CORRECT ANSWERS ✔✔transfers use, but not ownership,
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of the property
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an analysis of real property includes - CORRECT ANSWERS
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✔✔highest and best use of the property
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an important component of the income approach is -
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CORRECT ANSWERS ✔✔the capitalization rate|\ |\ |\ |\




a step in the cost approach would include - CORRECT
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ANSWERS ✔✔a separate valuation of the land, as if
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vacant