TEXAS PROPERTY TAX CONSULTANT EXAM
1. How does the chief appraiser appeal ARB decision?:
He must get a written document with all the appraisal district board of
directors signatures approval
2. Who provides the learning material for ARB members?:
Comptroller
3. Who pays the ARB members?:
Appraisal District
4. What are the levels of trade?:
1. Primary producer
2. Manufacturer
3.Wholesaler
4. Retailer
5. How would you argue investment value in ARB for a recently sold hotel?
(investment value typically > market value):
,Buyer is willing to pay a premium because they believe that the value
will go up in future years, however market value is as of January 1 of
the current tax year. So the value should not be based off that sale
price because it was an investment, but not reflective of the current
market value, or based off the previous year.
6. 25.25D what fraction of the corrected value will result in a reduction?
What about the percentage of the original value?:
1/3 of the corrected value
25% of the original value
7. Where is the Texas Property Tax Code located?:
The Texas Constitution, Arti- cle 8
8. What is SOAH and what is the benefit?:
SOAH - State Office of Administrative Hearing Appeals
Property value must be over
$1,000,000 Filing deposit fee is
$1,500.
SOAH is like litigation but without the discovery.
9. What are the four phases and dates of property tax calendar?:
1. January - May: Appraisal Phase
,2. May - June: Equalization Phase
3. July - September: Assessment Phase
4. October - January: Current Collection Phase
10.When is the valuation of property?:
January 1
11.Late Homestead Application deadline? Max amount of years late?:
January 31
up to two years late
12.When do notices go out?:
April 1st
13.When is BPP Rendition deadline?:
April 15th
14.When are exemptions and special appraisals due?:
April 30th
, 15.When is the last day chief appraiser can send out notices?:
May 1st
16.When is the protest deadline?:
May 15th
1. How does the chief appraiser appeal ARB decision?:
He must get a written document with all the appraisal district board of
directors signatures approval
2. Who provides the learning material for ARB members?:
Comptroller
3. Who pays the ARB members?:
Appraisal District
4. What are the levels of trade?:
1. Primary producer
2. Manufacturer
3.Wholesaler
4. Retailer
5. How would you argue investment value in ARB for a recently sold hotel?
(investment value typically > market value):
,Buyer is willing to pay a premium because they believe that the value
will go up in future years, however market value is as of January 1 of
the current tax year. So the value should not be based off that sale
price because it was an investment, but not reflective of the current
market value, or based off the previous year.
6. 25.25D what fraction of the corrected value will result in a reduction?
What about the percentage of the original value?:
1/3 of the corrected value
25% of the original value
7. Where is the Texas Property Tax Code located?:
The Texas Constitution, Arti- cle 8
8. What is SOAH and what is the benefit?:
SOAH - State Office of Administrative Hearing Appeals
Property value must be over
$1,000,000 Filing deposit fee is
$1,500.
SOAH is like litigation but without the discovery.
9. What are the four phases and dates of property tax calendar?:
1. January - May: Appraisal Phase
,2. May - June: Equalization Phase
3. July - September: Assessment Phase
4. October - January: Current Collection Phase
10.When is the valuation of property?:
January 1
11.Late Homestead Application deadline? Max amount of years late?:
January 31
up to two years late
12.When do notices go out?:
April 1st
13.When is BPP Rendition deadline?:
April 15th
14.When are exemptions and special appraisals due?:
April 30th
, 15.When is the last day chief appraiser can send out notices?:
May 1st
16.When is the protest deadline?:
May 15th
