2024 Update|Senior Property Tax
Consultant |Comprehensive Questions
And Verified Answers/Accurate
Solutions|Get It 100% Correct!! Already
Graded A+
The bTexas bProperty bTax bCode, bSection b41, bprovides bfor bLocal bReview bwhich:
A b- blists bthe breasons bfor btaxpayer bappeals
B b- blists bthe btypes bof bexemptions bavailable bto bthe btaxpayer
C b- blists bthe bdifferent btypes bof btaxable bproperty
D b- blists bthe bqualifications bto bserve bon ban bappraisal breview bboard b- bcorrect
banswers✔✔A b- blists bthe breasons bfor btaxpayer bappeals
Property bvalue bmay bbe bestimated busing bwhat bapproaches: b- bcorrect
banswers✔✔Sales bcomparison, bincome bcapitalization band bcost bapproaches
The bTexas bProperty bTax bCode, bSection b42, bprovides bfor bJudicial bReview
bincluding:
A b- bthe brights bof bdisabled bveterans
B b- bthe bright bto bappeal bthe bOrder bof bDetermining bProtest bfrom bthe bARB
C b- balternate bappeal bmethods bin blieu bof ban bappeal bto bthe bARB
D b- bthe brights bto bfiling blate bapplications b- bcorrect banswers✔✔B b- bthe bright bto
bappeal bthe bOrder bof bDetermining bProtest bfrom bthe bARB
How bare bARB bmembers bcompensated? b- bcorrect banswers✔✔By bthe bappraisal
bdistrict
How bmay ban bARB bmember bbe bremoved? b- bcorrect banswers✔✔Only bby ba bmajority
bvote bof bthe bappraisal bdistrict bboard bof bdirectors
,The bARB bhas bthe bauthority bto:
A b- bsubpoena bwitnesses, brecords band bfinancial bdocuments bof ba bbusiness
B b- bterminate bthe bemployment bof bthe bchief bappraiser
C b- bselect bthe bperson bwho bwill brepresent bthe bdistrict bat ba bhearing
D b- bset btax brates bfor btaxing bentities bwithin bthe bcounty bthey bserve b- bcorrect
banswers✔✔A b- bsubpoena bwitnesses, brecords band bfinancial bdocuments bof ba
bbusiness
What bstandards bare brequired bto bbe bused bby bappraisal bdistricts bto bestimate bmarket
bvalue? b- bcorrect banswers✔✔USPAP b(Uniform bStandards bof bProfessional bAppraisal
bPractices
After bthe bARB bhas bheard bevidence bfrom bthe bprotesting bparty band bappraisal
bdistrict bthey bshall bdetermine bthe bprotest band... b- bcorrect banswers✔✔Notify bthe
btaxpayer bof btheir bdecision bby bwritten border b(NOD)
Equal band buniform btaxation bis bmandated bby b- bcorrect banswers✔✔The bTexas
bConstitution band bthe bTexas bProperty bTax bCode
According bto bthe bTexas bProperty bTax bCode, ba btax bbill bmailed bafter bJanuary b10,
bhas ba bdelinquency bdate bof b- bcorrect banswers✔✔the bfirst bday bof bthe bnext bmonth,
bproviding bat bleast b21 bdays bto bpay
Types bof bbusiness bpersonal bproperty b- bcorrect banswers✔✔Tangible bor bintangible
(Furniture band bfixtures, bmachinery band bequipment, bcomputers, bsupplies, binventory,
bgood bwill, betc. balso bacceptable)
A btaxpayer bmay:
A b- bdesignate bpowers bto bmore bthan bone bagent bfor ba bsingle bitem blisted bon bthe
bAOA
B b- bdesignate ba bgeneral bpower bto bmore bthan bone bagent
C b- bdesignate ba bmember bof bthe bARB bto brepresent bhis/her bproperty
D b- bdesignate ban bagent bto breceive bonly bcommunications bfrom bthe bchief bappraiser,
bthe bARB band brepresent bthem bin bproperty btax bmatters b- bcorrect banswers✔✔D b-
bdesignate ban bagent bto breceive bonly bcommunications bfrom bthe bchief bappraiser, bthe
bARB band brepresent bthem bin bproperty btax bmatters
An bacre bcontains bhow bmany bsquare bfeet? b- bcorrect banswers✔✔43, b560 bsq. bft.
Representation bof ba bproperty bowner bis bgoverned bby bwhat bsection bof bthe bTexas
bProperty bTax bCode? b- bcorrect banswers✔✔Section b1.111
, An beasement bis.... b- bcorrect banswers✔✔an binterest bin breal bproperty bthat btransfers
buse bbut bnot bownership bof bthe bproperty
An banalysis bof breal bproperty bincludes:
A b- bthe btype bof bbuilding bconstruction bto bbe bplaced bon bvacant bland
B b- bresearch bof bestimate bof blife bexpectancy bof bexisting bimprovements
C b- bhighest band bbest buse
D b- bthe bpossible bzoning bof bthe bproperty b- bcorrect banswers✔✔C b- bhighest band
bbest buse
An bimportant bcomponent bof bthe bincome bapproach bis: b- bcorrect banswers✔✔The
bcapitalization brate b(cap brate)
What bare bthe bsteps bused bin bthe bcost bapproach? b- bcorrect banswers✔✔
The bsales bcomparison bapproach bis bbest bsupported bby... b- bcorrect
banswers✔✔several bsales bof bsimilar bproperties bin bthe bsame bneighborhood bor
bmarket barea
A bmethod bof bland bsurveying bthat bdescribes ba bparcel bof bland bis... b- bcorrect
banswers✔✔metes band bbounds
What bdo byou bconsider bwhen bestimating bthe bvalue bof bthe bland? b- bcorrect
banswers✔✔The bsize band bshape bof bthe bland
An bimprovement bwhich bworks band bis buseful bis bsaid bto bhave... b- bcorrect
banswers✔✔functional butility
Market bvalue bless btotal bdevelopment bcosts bequal b- bcorrect banswers✔✔profit b(or
bloss)
Income bless boperating bexpenses bequals b- bcorrect banswers✔✔NOI bor bnet
boperating bincome
A bflaw bin bconstruction, bmaterials bor bdesign bis bknown bas b- bcorrect
banswers✔✔functional bobsolescence
Ex bparte bcommunication bbetween bARB bmembers band bthe bappraisal bdistrict bis... b-
bcorrect banswers✔✔prohibited
All breal band btangible bpersonal bproperty bis
A b- btaxable bbased bon bthe bpercentage bof buse bin bthis bstate
B b- btaxable bunless bexempt bby blaw
C b- btaxable bif boccupied bon bJanuary b1
Consultant |Comprehensive Questions
And Verified Answers/Accurate
Solutions|Get It 100% Correct!! Already
Graded A+
The bTexas bProperty bTax bCode, bSection b41, bprovides bfor bLocal bReview bwhich:
A b- blists bthe breasons bfor btaxpayer bappeals
B b- blists bthe btypes bof bexemptions bavailable bto bthe btaxpayer
C b- blists bthe bdifferent btypes bof btaxable bproperty
D b- blists bthe bqualifications bto bserve bon ban bappraisal breview bboard b- bcorrect
banswers✔✔A b- blists bthe breasons bfor btaxpayer bappeals
Property bvalue bmay bbe bestimated busing bwhat bapproaches: b- bcorrect
banswers✔✔Sales bcomparison, bincome bcapitalization band bcost bapproaches
The bTexas bProperty bTax bCode, bSection b42, bprovides bfor bJudicial bReview
bincluding:
A b- bthe brights bof bdisabled bveterans
B b- bthe bright bto bappeal bthe bOrder bof bDetermining bProtest bfrom bthe bARB
C b- balternate bappeal bmethods bin blieu bof ban bappeal bto bthe bARB
D b- bthe brights bto bfiling blate bapplications b- bcorrect banswers✔✔B b- bthe bright bto
bappeal bthe bOrder bof bDetermining bProtest bfrom bthe bARB
How bare bARB bmembers bcompensated? b- bcorrect banswers✔✔By bthe bappraisal
bdistrict
How bmay ban bARB bmember bbe bremoved? b- bcorrect banswers✔✔Only bby ba bmajority
bvote bof bthe bappraisal bdistrict bboard bof bdirectors
,The bARB bhas bthe bauthority bto:
A b- bsubpoena bwitnesses, brecords band bfinancial bdocuments bof ba bbusiness
B b- bterminate bthe bemployment bof bthe bchief bappraiser
C b- bselect bthe bperson bwho bwill brepresent bthe bdistrict bat ba bhearing
D b- bset btax brates bfor btaxing bentities bwithin bthe bcounty bthey bserve b- bcorrect
banswers✔✔A b- bsubpoena bwitnesses, brecords band bfinancial bdocuments bof ba
bbusiness
What bstandards bare brequired bto bbe bused bby bappraisal bdistricts bto bestimate bmarket
bvalue? b- bcorrect banswers✔✔USPAP b(Uniform bStandards bof bProfessional bAppraisal
bPractices
After bthe bARB bhas bheard bevidence bfrom bthe bprotesting bparty band bappraisal
bdistrict bthey bshall bdetermine bthe bprotest band... b- bcorrect banswers✔✔Notify bthe
btaxpayer bof btheir bdecision bby bwritten border b(NOD)
Equal band buniform btaxation bis bmandated bby b- bcorrect banswers✔✔The bTexas
bConstitution band bthe bTexas bProperty bTax bCode
According bto bthe bTexas bProperty bTax bCode, ba btax bbill bmailed bafter bJanuary b10,
bhas ba bdelinquency bdate bof b- bcorrect banswers✔✔the bfirst bday bof bthe bnext bmonth,
bproviding bat bleast b21 bdays bto bpay
Types bof bbusiness bpersonal bproperty b- bcorrect banswers✔✔Tangible bor bintangible
(Furniture band bfixtures, bmachinery band bequipment, bcomputers, bsupplies, binventory,
bgood bwill, betc. balso bacceptable)
A btaxpayer bmay:
A b- bdesignate bpowers bto bmore bthan bone bagent bfor ba bsingle bitem blisted bon bthe
bAOA
B b- bdesignate ba bgeneral bpower bto bmore bthan bone bagent
C b- bdesignate ba bmember bof bthe bARB bto brepresent bhis/her bproperty
D b- bdesignate ban bagent bto breceive bonly bcommunications bfrom bthe bchief bappraiser,
bthe bARB band brepresent bthem bin bproperty btax bmatters b- bcorrect banswers✔✔D b-
bdesignate ban bagent bto breceive bonly bcommunications bfrom bthe bchief bappraiser, bthe
bARB band brepresent bthem bin bproperty btax bmatters
An bacre bcontains bhow bmany bsquare bfeet? b- bcorrect banswers✔✔43, b560 bsq. bft.
Representation bof ba bproperty bowner bis bgoverned bby bwhat bsection bof bthe bTexas
bProperty bTax bCode? b- bcorrect banswers✔✔Section b1.111
, An beasement bis.... b- bcorrect banswers✔✔an binterest bin breal bproperty bthat btransfers
buse bbut bnot bownership bof bthe bproperty
An banalysis bof breal bproperty bincludes:
A b- bthe btype bof bbuilding bconstruction bto bbe bplaced bon bvacant bland
B b- bresearch bof bestimate bof blife bexpectancy bof bexisting bimprovements
C b- bhighest band bbest buse
D b- bthe bpossible bzoning bof bthe bproperty b- bcorrect banswers✔✔C b- bhighest band
bbest buse
An bimportant bcomponent bof bthe bincome bapproach bis: b- bcorrect banswers✔✔The
bcapitalization brate b(cap brate)
What bare bthe bsteps bused bin bthe bcost bapproach? b- bcorrect banswers✔✔
The bsales bcomparison bapproach bis bbest bsupported bby... b- bcorrect
banswers✔✔several bsales bof bsimilar bproperties bin bthe bsame bneighborhood bor
bmarket barea
A bmethod bof bland bsurveying bthat bdescribes ba bparcel bof bland bis... b- bcorrect
banswers✔✔metes band bbounds
What bdo byou bconsider bwhen bestimating bthe bvalue bof bthe bland? b- bcorrect
banswers✔✔The bsize band bshape bof bthe bland
An bimprovement bwhich bworks band bis buseful bis bsaid bto bhave... b- bcorrect
banswers✔✔functional butility
Market bvalue bless btotal bdevelopment bcosts bequal b- bcorrect banswers✔✔profit b(or
bloss)
Income bless boperating bexpenses bequals b- bcorrect banswers✔✔NOI bor bnet
boperating bincome
A bflaw bin bconstruction, bmaterials bor bdesign bis bknown bas b- bcorrect
banswers✔✔functional bobsolescence
Ex bparte bcommunication bbetween bARB bmembers band bthe bappraisal bdistrict bis... b-
bcorrect banswers✔✔prohibited
All breal band btangible bpersonal bproperty bis
A b- btaxable bbased bon bthe bpercentage bof buse bin bthis bstate
B b- btaxable bunless bexempt bby blaw
C b- btaxable bif boccupied bon bJanuary b1
