REE3043 CHAPTER 4 QUESTIONS
WITH CORRECT ANSWERS
REVISED AND UPDATED
State and federal control of land uses has increased greatly over the past 40 years due
in part to an increased awareness of environmental hazards. Which of the following
federal environmental control laws was responsible for establishing the "Superfund" to
finance emergency responses and cleanups of abandoned and unregulated waste
dumps?
-Clean Water Act
-Resource Conservation and Recovery Act
-Toxic Substances Control Act
-Comprehensive Environmental Response Compensation and Liability Act - Answer-
Comprehensive Environmental Response Compensation and Liability Act
A traditional zoning ordinance includes all of the following except
-minimum setback requirements.
-minimum lot dimensions.
-provisions for special use districts.
-performance standards. - Answer-Performance Standards
Real estate taxes represent the largest single source of revenue for a large portion of
local governments. Most property taxes are applied in relation to the value of the
property, or in other words, they are - Answer-ad valorem taxes.
Negative externalities can diminish a property's value by imposing costs on the
community at large. In order to offset this detrimental impact, economists advocate
internalizing these externalities by implementing - Answer-Impact Fees
When a zoning ordinance is revised, some existing land uses then fall outside the new
zoning classification. These land uses are referred to as - Answer-Non-Conforming
Uses
Given the following information, compute the property tax rate for the community in
mills: total budget expenditures: $250 million; total nonproperty tax income: $150
million; total assessed value of all properties: $5 billion; total exemptions: $900 million.
-2.43 mills
-2.0 mills
-20.0 mills
WITH CORRECT ANSWERS
REVISED AND UPDATED
State and federal control of land uses has increased greatly over the past 40 years due
in part to an increased awareness of environmental hazards. Which of the following
federal environmental control laws was responsible for establishing the "Superfund" to
finance emergency responses and cleanups of abandoned and unregulated waste
dumps?
-Clean Water Act
-Resource Conservation and Recovery Act
-Toxic Substances Control Act
-Comprehensive Environmental Response Compensation and Liability Act - Answer-
Comprehensive Environmental Response Compensation and Liability Act
A traditional zoning ordinance includes all of the following except
-minimum setback requirements.
-minimum lot dimensions.
-provisions for special use districts.
-performance standards. - Answer-Performance Standards
Real estate taxes represent the largest single source of revenue for a large portion of
local governments. Most property taxes are applied in relation to the value of the
property, or in other words, they are - Answer-ad valorem taxes.
Negative externalities can diminish a property's value by imposing costs on the
community at large. In order to offset this detrimental impact, economists advocate
internalizing these externalities by implementing - Answer-Impact Fees
When a zoning ordinance is revised, some existing land uses then fall outside the new
zoning classification. These land uses are referred to as - Answer-Non-Conforming
Uses
Given the following information, compute the property tax rate for the community in
mills: total budget expenditures: $250 million; total nonproperty tax income: $150
million; total assessed value of all properties: $5 billion; total exemptions: $900 million.
-2.43 mills
-2.0 mills
-20.0 mills
