1|Page
CTC EXAM REVIEW|| ACCURATE AND FREQUENTLY
ASKED QUESTIONS AND 100% CORRECT ANSWERS||
LATEST AND COMPLETE UPDATE WITH VERIFIED
SOLUTIONS GRADED A+|| SURE PASS!!
New Jersey Statutes Annotated - ANSWER: books to which tax collectors must
frequently refer to
Title 54 - ANSWER: statutes that dictate the office and activities of the tax
collector
Title 40 & 40A - ANSWER: statutes that cover the appointment of the tax
collector and deal with municipalities and counties
Title 18 - ANSWER: statutes that deal with education
Title Chapter Section and Subsections - ANSWER: statutes are divided into
ordinance - ANSWER: municipal version of a law that is more permanent in
nature
resolutions - ANSWER: adopted and renewed annually
session laws - ANSWER: (pamphlet laws) laws that are sequentially number and
published annually
County Municipality Special District & School District - ANSWER: four types of
local government
,2|Page
creatures of the state - ANSWER: four forms of local government are called
21 - ANSWER: number of counties in NJ
565 - ANSWER: number of municipalities in NJ
city borough town township & village - ANSWER: types of municipalities
population & geographic location - ANSWER: cities are classified by
special districts - ANSWER: Ex: Fire District, they have a separate tax rate and
are government by a board
population, population density, & geographic location - ANSWER: counties are
classified by
county government functions - ANSWER: sheriff, penal system, county clerk,
county road system, medical examiner, probation, roads, surrogate
Taxes Exist - ANSWER: when a property has been assessed by the tax assessor
and a tax rate has been applied
$1,000,000 - ANSWER: state tax court can hear direct appeals where the assessed
value of a property is greater than
, 3|Page
equalization, revision, review, and enforcement - ANSWER: county tax boards
exist for
Full and Just Share of taxes - ANSWER: County board of taxation is charged by
statute with securing the taxation of all property in the county and to ensure that all
property within its boundaries bears its full and just share of taxes
March 1 - ANSWER: County Tax Administrator must prepare and submit to the
board of taxation an equalization table by
July 1 - ANSWER: Tax Assessor holds his/her office for a 4 year term beginning
Tax Assessor - ANSWER: Duties include discovery & location of property, listing
property, determination of taxability, valuation of property, maintenance of sales
equalization ratio, defense of appeals, supervision of reassessment & revaluation
October 1 - ANSWER: Assessor determines property values by
Methods of Assessment - ANSWER: Reproduction cost less depreciation
Income Approach
Market Data Approach
Extending - ANSWER: the tax assessor is responsible for
______________________ the tax amount due
Added Assessments - ANSWER: properties completed after October 1 of the pre-
tax year
CTC EXAM REVIEW|| ACCURATE AND FREQUENTLY
ASKED QUESTIONS AND 100% CORRECT ANSWERS||
LATEST AND COMPLETE UPDATE WITH VERIFIED
SOLUTIONS GRADED A+|| SURE PASS!!
New Jersey Statutes Annotated - ANSWER: books to which tax collectors must
frequently refer to
Title 54 - ANSWER: statutes that dictate the office and activities of the tax
collector
Title 40 & 40A - ANSWER: statutes that cover the appointment of the tax
collector and deal with municipalities and counties
Title 18 - ANSWER: statutes that deal with education
Title Chapter Section and Subsections - ANSWER: statutes are divided into
ordinance - ANSWER: municipal version of a law that is more permanent in
nature
resolutions - ANSWER: adopted and renewed annually
session laws - ANSWER: (pamphlet laws) laws that are sequentially number and
published annually
County Municipality Special District & School District - ANSWER: four types of
local government
,2|Page
creatures of the state - ANSWER: four forms of local government are called
21 - ANSWER: number of counties in NJ
565 - ANSWER: number of municipalities in NJ
city borough town township & village - ANSWER: types of municipalities
population & geographic location - ANSWER: cities are classified by
special districts - ANSWER: Ex: Fire District, they have a separate tax rate and
are government by a board
population, population density, & geographic location - ANSWER: counties are
classified by
county government functions - ANSWER: sheriff, penal system, county clerk,
county road system, medical examiner, probation, roads, surrogate
Taxes Exist - ANSWER: when a property has been assessed by the tax assessor
and a tax rate has been applied
$1,000,000 - ANSWER: state tax court can hear direct appeals where the assessed
value of a property is greater than
, 3|Page
equalization, revision, review, and enforcement - ANSWER: county tax boards
exist for
Full and Just Share of taxes - ANSWER: County board of taxation is charged by
statute with securing the taxation of all property in the county and to ensure that all
property within its boundaries bears its full and just share of taxes
March 1 - ANSWER: County Tax Administrator must prepare and submit to the
board of taxation an equalization table by
July 1 - ANSWER: Tax Assessor holds his/her office for a 4 year term beginning
Tax Assessor - ANSWER: Duties include discovery & location of property, listing
property, determination of taxability, valuation of property, maintenance of sales
equalization ratio, defense of appeals, supervision of reassessment & revaluation
October 1 - ANSWER: Assessor determines property values by
Methods of Assessment - ANSWER: Reproduction cost less depreciation
Income Approach
Market Data Approach
Extending - ANSWER: the tax assessor is responsible for
______________________ the tax amount due
Added Assessments - ANSWER: properties completed after October 1 of the pre-
tax year
