MODULE 1 BOE QUIZ UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

MODULE 1 BOE QUIZ UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS


Question:
Property is assessed at 100 percent.
T OR F?
Answer:
True
Question:
Land and improvements are to be assessed separately.
T OR F?
Answer:
True
Question:
The term "shall" in the R&T code indicates.
a. could follow
b. must follow
c. have option to disregard
d. should follow
Answer:
must follow
may = choice to do something or not, permissive
Question:
The Property Taxation provisions the California Revenue and Taxation Code
provides "Except as provided in this part, every assessor shall assess all
property subject to general property taxation at 25 percent of its full cash
value."
T OR F?
Answer:
False
Question:
The State Constitution specifically describes the conditions of a fair market
value transaction.
Answer:
False
Question:
The lien date is the first Monday in March.
T OR F?
Answer:
False
it is usually Jan 1st.
Question:
A sales price represents a consensus of the market participants decision as to