TEXAS PROPERTY TAX CONSULTANT EXAM REVIEW
QUESTIONS AND ANSWERS
The Texas Property Tax Code, Section 41, provides for local review which...
a. Lists the reasons for taxpayer appeals
b. Lists the type of exemptions available to the taxpayer
c. Lists the different types of taxable property
d. Lists the qualifications to serve on an Appraisal Review Board (ARB) -
ANSWER-a. Lists the reasons for taxpayer appeals
Property Value may be estimated by using...
a. Situs, depreciation and prices per square foot of improvements
b. Age/life method, historical cost, replacement cost new
c. Sales comparison, income capitalization, and cost approach
d. Principle of substitution, supply and demand, Principle of balance - ANSWER-
c. Sales comparison, income capitalization, and cost approach
The Texas Property Tax Code, Section 42, provides for Judicial Review
including...
a. The rights of disabled veterans
b. The right to appeal the Order Determining Protest from the ARB
c. Alternate appeal methods in lieu of an appeal to the ARB
d. The rights of filing late applications - ANSWER-b. The right to appeal the Order
Determining Protest from the ARB
1
,Appraisal Review Board (ARB) members are compensated by...
a. The State Comptroller's Office
b. The taxing units located in the district
c. The appraisal district
d. Each person who files an appeal to the ARB - ANSWER-c. The appraisal
district
Once a person is appointed to the ARB...
a. He/She cannot be removed from the ARB during the appointed term
b. May be removed only by a majority vote of the appraisal district's board of
directors
c. May be removed only by the State Comptrollers Office
d. May be removed only by a majority of voting taxpayers within the district -
ANSWER-b. May be removed only by a majority vote of the appraisal district's
board of directors
The ARB has the authority to...
a. Subpoena witnesses, records and financial documents of a business
b. Terminate the employment of the chief appraiser
c. Select the person who will represent the district at a hearing
d. Set tax rates for taxing entities within the county they serve - ANSWER-a.
Subpoena witnesses, records and financial documents of a business
Uniform Standard of Professional Appraisal Practices (USPAP)...
2
,a. Do not apply when using mass appraisal techniques
b. Have no effect on market value for property tax purposes
c. Are required to be used by appraisal districts when estimating market value
d. Are used only when appraising property for finance purposes - ANSWER-c. Are
required to be used by appraisal districts when estimating market value
After the ARB has heard evidence from the protesting party and appraisal district,
they shall determine the protest and...
a. Notify the taxing unit of its decision
b. Notify the taxpayer electronically of their decision
c. Notify the chief appraiser of their decision
d. Notify the taxpayer of their decision by written order - ANSWER-d. Notify the
taxpayer of their decision by written order
Equal and uniform taxation is mandated by...
a. The State Comptrollers Office
b. The ARB
c. The Texas Constitution and the Texas Property Tax Code
d. Federal Law - ANSWER-c. The Texas Constitution and the Texas Property Tax
Code
According to the Texas Property Tax Code, a tax bill mailed after January 10, has a
delinquency date of...
3
, a. The first day of the next month, providing at least 21 days to pay
b. 60 days from the mailing date of the bill
c. January 31
d. 30 days from the mailing date of the bill - ANSWER-a. The first day of the next
month, providing at least 21 days to pay
Business personal property...
a. is exempt from property taxation
b. May be tangible or intangible
c. Is valued using only the income capitalization method
d. Includes special land use - ANSWER-b. May be tangible or intangible
A taxpayer may...
a. Designate powers to more than one agent for a single item listed on the
authorization form
b. Designate general powers to more than one agent
c. Designate a member of the ARB to represent his/her property
d. Designate an agent to receive only communications from the chief appraiser, the
ARB and represent them in property tax matters - ANSWER-d. Designate an agent
to receive only communications from the chief appraiser, the ARB and represent
them in property tax matters
An acre of land contains...
a. 42,360 sq. ft.
4
QUESTIONS AND ANSWERS
The Texas Property Tax Code, Section 41, provides for local review which...
a. Lists the reasons for taxpayer appeals
b. Lists the type of exemptions available to the taxpayer
c. Lists the different types of taxable property
d. Lists the qualifications to serve on an Appraisal Review Board (ARB) -
ANSWER-a. Lists the reasons for taxpayer appeals
Property Value may be estimated by using...
a. Situs, depreciation and prices per square foot of improvements
b. Age/life method, historical cost, replacement cost new
c. Sales comparison, income capitalization, and cost approach
d. Principle of substitution, supply and demand, Principle of balance - ANSWER-
c. Sales comparison, income capitalization, and cost approach
The Texas Property Tax Code, Section 42, provides for Judicial Review
including...
a. The rights of disabled veterans
b. The right to appeal the Order Determining Protest from the ARB
c. Alternate appeal methods in lieu of an appeal to the ARB
d. The rights of filing late applications - ANSWER-b. The right to appeal the Order
Determining Protest from the ARB
1
,Appraisal Review Board (ARB) members are compensated by...
a. The State Comptroller's Office
b. The taxing units located in the district
c. The appraisal district
d. Each person who files an appeal to the ARB - ANSWER-c. The appraisal
district
Once a person is appointed to the ARB...
a. He/She cannot be removed from the ARB during the appointed term
b. May be removed only by a majority vote of the appraisal district's board of
directors
c. May be removed only by the State Comptrollers Office
d. May be removed only by a majority of voting taxpayers within the district -
ANSWER-b. May be removed only by a majority vote of the appraisal district's
board of directors
The ARB has the authority to...
a. Subpoena witnesses, records and financial documents of a business
b. Terminate the employment of the chief appraiser
c. Select the person who will represent the district at a hearing
d. Set tax rates for taxing entities within the county they serve - ANSWER-a.
Subpoena witnesses, records and financial documents of a business
Uniform Standard of Professional Appraisal Practices (USPAP)...
2
,a. Do not apply when using mass appraisal techniques
b. Have no effect on market value for property tax purposes
c. Are required to be used by appraisal districts when estimating market value
d. Are used only when appraising property for finance purposes - ANSWER-c. Are
required to be used by appraisal districts when estimating market value
After the ARB has heard evidence from the protesting party and appraisal district,
they shall determine the protest and...
a. Notify the taxing unit of its decision
b. Notify the taxpayer electronically of their decision
c. Notify the chief appraiser of their decision
d. Notify the taxpayer of their decision by written order - ANSWER-d. Notify the
taxpayer of their decision by written order
Equal and uniform taxation is mandated by...
a. The State Comptrollers Office
b. The ARB
c. The Texas Constitution and the Texas Property Tax Code
d. Federal Law - ANSWER-c. The Texas Constitution and the Texas Property Tax
Code
According to the Texas Property Tax Code, a tax bill mailed after January 10, has a
delinquency date of...
3
, a. The first day of the next month, providing at least 21 days to pay
b. 60 days from the mailing date of the bill
c. January 31
d. 30 days from the mailing date of the bill - ANSWER-a. The first day of the next
month, providing at least 21 days to pay
Business personal property...
a. is exempt from property taxation
b. May be tangible or intangible
c. Is valued using only the income capitalization method
d. Includes special land use - ANSWER-b. May be tangible or intangible
A taxpayer may...
a. Designate powers to more than one agent for a single item listed on the
authorization form
b. Designate general powers to more than one agent
c. Designate a member of the ARB to represent his/her property
d. Designate an agent to receive only communications from the chief appraiser, the
ARB and represent them in property tax matters - ANSWER-d. Designate an agent
to receive only communications from the chief appraiser, the ARB and represent
them in property tax matters
An acre of land contains...
a. 42,360 sq. ft.
4
