Senior Property Tax Consultant Study Guide – Texas questions with answers,

Senior Property Tax Consultant Study Guide – |\ |\ |\ |\ |\ |\




Texas questions with answers
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The Texas Property Tax Code, Section 41, provides for
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Local Review which: |\ |\




A - lists the reasons for taxpayer appeals
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B - lists the types of exemptions available to the taxpayer
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C - lists the different types of taxable property
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D - lists the qualifications to serve on an appraisal review
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board - CORRECT ANSWERS ✔✔A - lists the reasons for
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taxpayer appeals |\




Property value may be estimated using what approaches:
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- CORRECT ANSWERS ✔✔Sales comparison, income
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capitalization and cost approaches |\ |\ |\




The Texas Property Tax Code, Section 42, provides for
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Judicial Review including: |\ |\




A - the rights of disabled veterans
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B - the right to appeal the Order of Determining Protest
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from the ARB |\ |\

,C - alternate appeal methods in lieu of an appeal to the
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ARB
D - the rights to filing late applications - CORRECT
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ANSWERS ✔✔B - the right to appeal the Order of |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



Determining Protest from the ARB |\ |\ |\ |\




How are ARB members compensated? - CORRECT
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ANSWERS ✔✔By the appraisal district |\ |\ |\ |\




How may an ARB member be removed? - CORRECT
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ANSWERS ✔✔Only by a majority vote of the appraisal |\ |\ |\ |\ |\ |\ |\ |\ |\



district board of directors |\ |\ |\




The ARB has the authority to:
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A - subpoena witnesses, records and financial documents
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of a business
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B - terminate the employment of the chief appraiser
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C - select the person who will represent the district at a
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hearing
D - set tax rates for taxing entities within the county they
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serve - CORRECT ANSWERS ✔✔A - subpoena witnesses,
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records and financial documents of a business
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,What standards are required to be used by appraisal
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districts to estimate market value? - CORRECT ANSWERS
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✔✔USPAP (Uniform Standards of Professional Appraisal
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Practices


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
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taxpayer of their decision by written order (NOD)
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Equal and uniform taxation is mandated by - CORRECT
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ANSWERS ✔✔The Texas Constitution and the Texas
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Property Tax Code |\ |\




According to the Texas Property Tax Code, a tax bill
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mailed after January 10, has a delinquency date of -
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CORRECT ANSWERS ✔✔the first day of the next month,
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providing at least 21 days to pay |\ |\ |\ |\ |\ |\




Types of business personal property - CORRECT ANSWERS
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✔✔Tangible or intangible
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(Furniture and fixtures, machinery and equipment,
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computers, supplies, inventory, good will, etc. also|\ |\ |\ |\ |\ |\ |\



acceptable)

, A taxpayer may:
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A - designate powers to more than one agent for a single
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item listed on the AOA
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B - designate a general power to more than one agent
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C - designate a member of the ARB to represent his/her
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property
D - designate an agent to receive only communications
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from the chief appraiser, the ARB and represent them in
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property tax matters - CORRECT ANSWERS ✔✔D -
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designate an agent to receive only communications from
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the chief appraiser, the ARB and represent them in
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property tax matters |\ |\




An acre contains how many square feet? - CORRECT
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ANSWERS ✔✔43, 560 sq. ft. |\ |\ |\ |\




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.... - CORRECT ANSWERS ✔✔an interest in
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real property that transfers use but not ownership of the
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property