Senior Property Tax Consultant Study Guide - FINAL EXAM-
LATEST UPDATE 2025 – Complete Practice Questions and
Answers on Tax Code, Property Valuation, Legal Compliance,
and Consulting Ethics|ALREADY GRADED A+ GUARANTEED
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The Texas Property Tax Code, Section 41, provides for Local Review which:
A - lists the reasons for taxpayer appeals
B - lists the types of exemptions available to the taxpayer
C - lists the different types of taxable property
D - lists the qualifications to serve on an appraisal review board - (answers)A - lists the
reasons for taxpayer appeals
Property value may be estimated using what approaches: - (answers)Sales comparison,
income capitalization and cost approaches
The Texas Property Tax Code, Section 42, provides for Judicial Review including:
A - the rights of disabled veterans
B - the right to appeal the Order of Determining Protest from the ARB
C - alternate appeal methods in lieu of an appeal to the ARB
D - the rights to filing late applications - (answers)B - the right to appeal the Order of
Determining Protest from the ARB
How are ARB members compensated? - (answers)By the appraisal district
How may an ARB member be removed? - (answers)Only by a majority vote of the appraisal
district board of directors
,The ARB has the authority to:
A - subpoena witnesses, records and financial documents of a business
B - terminate the employment of the chief appraiser
C - select the person who will represent the district at a hearing
D - set tax rates for taxing entities within the county they serve - (answers)A - subpoena
witnesses, records and financial documents of a business
What standards are required to be used by appraisal districts to estimate market value? -
(answers)USPAP (Uniform Standards of Professional Appraisal Practices
After the ARB has heard evidence from the protesting party and appraisal district they shall
determine the protest and... - (answers)Notify the taxpayer of their decision by written order
(NOD)
Equal and uniform taxation is mandated by - (answers)The Texas Constitution and the Texas
Property Tax Code
According to the Texas Property Tax Code, a tax bill mailed after January 10, has a
delinquency date of - (answers)the first day of the next month, providing at least 21 days to
pay
Types of business personal property - (answers)Tangible or intangible
(Furniture and fixtures, machinery and equipment, computers, supplies, inventory, good will,
etc. also acceptable)
A taxpayer may:
,A - designate powers to more than one agent for a single item listed on the AOA
B - designate a general power to more than one agent
C - designate a member of the ARB to represent his/her property
D - designate an agent to receive only communications from the chief appraiser, the ARB and
represent them in property tax matters - (answers)D - designate an agent to receive only
communications from the chief appraiser, the ARB and represent them in property tax
matters
An acre contains how many square feet? - (answers)43, 560 sq. ft.
Representation of a property owner is governed by what section of the Texas Property Tax
Code? - (answers)Section 1.111
An easement is.... - (answers)an interest in real property that transfers use but not
ownership of the property
An analysis of real property includes:
A - the type of building construction to be placed on vacant land
B - research of estimate of life expectancy of existing improvements
C - highest and best use
D - the possible zoning of the property - (answers)C - highest and best use
An important component of the income approach is: - (answers)The capitalization rate (cap
rate)
What are the steps used in the cost approach? - (answers)
The sales comparison approach is best supported by... - (answers)several sales of similar
properties in the same neighborhood or market area
, A method of land surveying that describes a parcel of land is... - (answers)metes and bounds
What do you consider when estimating the value of the land? - (answers)The size and shape
of the land
An improvement which works and is useful is said to have... - (answers)functional utility
Market value less total development costs equal - (answers)profit (or loss)
Income less operating expenses equals - (answers)NOI or net operating income
A flaw in construction, materials or design is known as - (answers)functional obsolescence
Ex parte communication between ARB members and the appraisal district is... -
(answers)prohibited
All real and tangible personal property is
A - taxable based on the percentage of use in this state
B - taxable unless exempt by law
C - taxable if occupied on January 1
D - considered exempted unless determined to be taxable by the chief appraiser -
(answers)B - taxable unless exempt by law
Incoming producing tangible personal property and mineral interests having a value less
than _____ is exempt. - (answers)$500
Property is taxable by a taxing unit if - (answers)located within their jurisdiction on January 1
LATEST UPDATE 2025 – Complete Practice Questions and
Answers on Tax Code, Property Valuation, Legal Compliance,
and Consulting Ethics|ALREADY GRADED A+ GUARANTEED
PASS!!
The Texas Property Tax Code, Section 41, provides for Local Review which:
A - lists the reasons for taxpayer appeals
B - lists the types of exemptions available to the taxpayer
C - lists the different types of taxable property
D - lists the qualifications to serve on an appraisal review board - (answers)A - lists the
reasons for taxpayer appeals
Property value may be estimated using what approaches: - (answers)Sales comparison,
income capitalization and cost approaches
The Texas Property Tax Code, Section 42, provides for Judicial Review including:
A - the rights of disabled veterans
B - the right to appeal the Order of Determining Protest from the ARB
C - alternate appeal methods in lieu of an appeal to the ARB
D - the rights to filing late applications - (answers)B - the right to appeal the Order of
Determining Protest from the ARB
How are ARB members compensated? - (answers)By the appraisal district
How may an ARB member be removed? - (answers)Only by a majority vote of the appraisal
district board of directors
,The ARB has the authority to:
A - subpoena witnesses, records and financial documents of a business
B - terminate the employment of the chief appraiser
C - select the person who will represent the district at a hearing
D - set tax rates for taxing entities within the county they serve - (answers)A - subpoena
witnesses, records and financial documents of a business
What standards are required to be used by appraisal districts to estimate market value? -
(answers)USPAP (Uniform Standards of Professional Appraisal Practices
After the ARB has heard evidence from the protesting party and appraisal district they shall
determine the protest and... - (answers)Notify the taxpayer of their decision by written order
(NOD)
Equal and uniform taxation is mandated by - (answers)The Texas Constitution and the Texas
Property Tax Code
According to the Texas Property Tax Code, a tax bill mailed after January 10, has a
delinquency date of - (answers)the first day of the next month, providing at least 21 days to
pay
Types of business personal property - (answers)Tangible or intangible
(Furniture and fixtures, machinery and equipment, computers, supplies, inventory, good will,
etc. also acceptable)
A taxpayer may:
,A - designate powers to more than one agent for a single item listed on the AOA
B - designate a general power to more than one agent
C - designate a member of the ARB to represent his/her property
D - designate an agent to receive only communications from the chief appraiser, the ARB and
represent them in property tax matters - (answers)D - designate an agent to receive only
communications from the chief appraiser, the ARB and represent them in property tax
matters
An acre contains how many square feet? - (answers)43, 560 sq. ft.
Representation of a property owner is governed by what section of the Texas Property Tax
Code? - (answers)Section 1.111
An easement is.... - (answers)an interest in real property that transfers use but not
ownership of the property
An analysis of real property includes:
A - the type of building construction to be placed on vacant land
B - research of estimate of life expectancy of existing improvements
C - highest and best use
D - the possible zoning of the property - (answers)C - highest and best use
An important component of the income approach is: - (answers)The capitalization rate (cap
rate)
What are the steps used in the cost approach? - (answers)
The sales comparison approach is best supported by... - (answers)several sales of similar
properties in the same neighborhood or market area
, A method of land surveying that describes a parcel of land is... - (answers)metes and bounds
What do you consider when estimating the value of the land? - (answers)The size and shape
of the land
An improvement which works and is useful is said to have... - (answers)functional utility
Market value less total development costs equal - (answers)profit (or loss)
Income less operating expenses equals - (answers)NOI or net operating income
A flaw in construction, materials or design is known as - (answers)functional obsolescence
Ex parte communication between ARB members and the appraisal district is... -
(answers)prohibited
All real and tangible personal property is
A - taxable based on the percentage of use in this state
B - taxable unless exempt by law
C - taxable if occupied on January 1
D - considered exempted unless determined to be taxable by the chief appraiser -
(answers)B - taxable unless exempt by law
Incoming producing tangible personal property and mineral interests having a value less
than _____ is exempt. - (answers)$500
Property is taxable by a taxing unit if - (answers)located within their jurisdiction on January 1
