Texas Property Tax Consultant Questions and Revised Correct Answers & Rationales (2024 / 2025) 100% Guarantee Pass

TEXAS PROPERTY TAX CONSULTANT

1.Cost of annual Renewal fee:


$75


2.functional obsolescence:


A flaw in construction, materials or design is known as


3.(Income Producing) Personal Property:


Property not permanently attached to real estate and other assets such
as inventories, furniture, and machinery


4.Capitalization Rate:


The capitalization rate is the rate of return on a real estate investment
property based on the income that the property is expected to
generate.


5.Net Operating Income - NOI:


Net operating income equals all revenue from the property minus all
reasonably necessary operating expenses. Aside from rent, a property
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, might also generate revenue from parking and service fees, like
vending and laundry machines.


6.What is covered in Chapter 41:


Local Review & Appeal through binding arbitra- tion


7.What is covered in Chapter 42:


Judicial Review


8.special use property:


property that is taxed on 100% of market value less any exemptions
except


9.Renditions must be filed by:
April 15
10.Date that determines taxable status of property:


January 1


11.Date Property Taxes become delinquent:


Feb 1
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