CT PRACTICE EXAM QUESTIONS
WITH CORRECT ANSWERS
Real property taxes are ad valorem (based on value) taxes levied by - ANSWER-C.
local municipalities.
The state requires the values placed on all properties be based on their - ANSWER-
D. Assessed value.
Connecticut law requires towns to revalue properties every ___ years by physical
observation or statistical analysis. Physical inspection is required every ___ years. -
ANSWER-B. 5yrs Real Estate Valuation & , 10yrs physical inspection
Monica owns a property with an appraised value of $700,000. The tax rate is 25 mills
(or $25 per $1,000 of assessed value). Compute her taxes. - ANSWER-B. $17,500 -
X
Taxes are a lien on the property - ANSWER-C. From the date of assessment
Connecticut statutes generally hold tax liens to a ______-year maximum. To be
valid, tax liens must be recorded by the agency levying the tax within two years from
the due date. - ANSWER-B. 15yrs
Liens have been recorded in Waterbury for a property located on Woodchuck Road.
These liens are in addition to the tax and municipal liens. They were recorded in the
town clerk's office in this order: February 11, 2000 (Lien 1), March 23, 2004 (Lien 2),
April 18, 2003 (Lien 3), and May 22, 2005 (Lien 4). All liens were executed on the
dates noted; however, Lien 3 was recorded after Lien 2. Which lien would have
priority as third in line based on the date of recording? - ANSWER-C. April 18, 2003
(Lien 3)
State conveyance taxes and municipal conveyance taxes are - ANSWER-C. based
on a percentage of the selling price.
The Connecticut Statute of Frauds requires that all contracts affecting real estate
must be in writing to be enforceable. All contracts over ____ must be in writing. -
ANSWER-C. $500
Real estate contracts must contain the basic legal elements to be enforceable.
These include legally competent parties, offer and acceptance, legality of object, and
- ANSWER-D. valid consideration.
In Connecticut, minors are generally permitted to void their contracts. In Connecticut,
an individual may enter into a legally enforceable contract at the age of - ANSWER-
B. 18
WITH CORRECT ANSWERS
Real property taxes are ad valorem (based on value) taxes levied by - ANSWER-C.
local municipalities.
The state requires the values placed on all properties be based on their - ANSWER-
D. Assessed value.
Connecticut law requires towns to revalue properties every ___ years by physical
observation or statistical analysis. Physical inspection is required every ___ years. -
ANSWER-B. 5yrs Real Estate Valuation & , 10yrs physical inspection
Monica owns a property with an appraised value of $700,000. The tax rate is 25 mills
(or $25 per $1,000 of assessed value). Compute her taxes. - ANSWER-B. $17,500 -
X
Taxes are a lien on the property - ANSWER-C. From the date of assessment
Connecticut statutes generally hold tax liens to a ______-year maximum. To be
valid, tax liens must be recorded by the agency levying the tax within two years from
the due date. - ANSWER-B. 15yrs
Liens have been recorded in Waterbury for a property located on Woodchuck Road.
These liens are in addition to the tax and municipal liens. They were recorded in the
town clerk's office in this order: February 11, 2000 (Lien 1), March 23, 2004 (Lien 2),
April 18, 2003 (Lien 3), and May 22, 2005 (Lien 4). All liens were executed on the
dates noted; however, Lien 3 was recorded after Lien 2. Which lien would have
priority as third in line based on the date of recording? - ANSWER-C. April 18, 2003
(Lien 3)
State conveyance taxes and municipal conveyance taxes are - ANSWER-C. based
on a percentage of the selling price.
The Connecticut Statute of Frauds requires that all contracts affecting real estate
must be in writing to be enforceable. All contracts over ____ must be in writing. -
ANSWER-C. $500
Real estate contracts must contain the basic legal elements to be enforceable.
These include legally competent parties, offer and acceptance, legality of object, and
- ANSWER-D. valid consideration.
In Connecticut, minors are generally permitted to void their contracts. In Connecticut,
an individual may enter into a legally enforceable contract at the age of - ANSWER-
B. 18
