Texas Property Tax Consultant Exam
Review
A antisocial tax incurs a penalty of...
A. 20% for the first calendar month it is antisocial, plus 1% for every extra month until it's
miles paid
b. 6% for the first calendar month it's miles antisocial, plus 1% for every additional month or
portion of a month it remains unpaid
c. Five% for the first calendar month it is antisocial, plus 2% for each extra month or portion
of a month it remains unpaid
d. 10% for the primary calendar month it's miles delinquent, plus 2% for every extra month or
portion of a month it remains unpaid - ANS-b. 6% for the first calendar month it's miles
antisocial, plus 1% for each additional month or part of a month it remains unpaid
A flaw in creation, substances, or design is called...
A. Economic obsolescence
b. Depreciated price of the improvements
c. Functional obsolescence
d. External impacts - ANS-c. Functional obsolescence
A method of land surveying that describes a parcel of land is...
A. The measurements around the perimeter of the land
b. Metes and bounds
c. A geological survey
d. Site analysis - ANS-b. Metes and bounds
A motion filed pursuant to Texas Property Tax Code, Section 25.25(d) requires the taxes be
paid before the delinquency date in the quantity...
A. Of the stability due with a reimbursement contingent on the final results of the attraction
b. Of the tax in full or the undisputed amount of the tax
c. The quantity indicated on the listening to be aware
d. Agreed upon by the leader appraiser and the taxpayer - ANS-b. Of the tax in full or the
undisputed amount of the tax
A movement filed to accurate an immoderate appraisal pursuant to Section 25.25(d)...
A. Must be filed previous to the tax delinquency date
b. Must be in writing to the chief appraiser
c. May best be filed if the cost exceeds 25%
,d. May be filed if the fee exceeds 25%, the taxes had been paid, and an attraction turned
into now not heard via the ARB - ANS-a. Must be filed prior to the tax delinquency date
A man or woman who acquires assets after January 1 who qualifies for an over 65
exemption...
A. Should report the purchase to the appraisal district of the county in which the assets is
placed
b. Will not be indexed as owner of the belongings until January 1 of the subsequent year
c. May also get hold of the exemption for the applicable part of the tax year at once upon
approval of the filed exemption software
d. May now not acquire the exemption for the remainder of the 12 months in which the
assets turned into bought - ANS-c. Can also acquire the exemption for the applicable part of
the tax yr straight away upon approval of the filed exemption software
A belongings owner ought to document a written observe of protest with the ARB...
A. Upon receipt of a price notice
b. Within 15 days of receipt of a price word
c. Before June 1 or no later than 30 days after the date the awareness became added
d. Before the tax rolls are licensed with the aid of the leader appraiser - ANS-b. Within 15
days of receipt of a cost observe
A property subject to a triple internet lease requires...
A. The property be appraised through the appraisal district at the least each three years
b. The tenant can pay utilities, property taxes, coverage and property maintenance
c. The tenant can pay for structural repairs
d. The tenants pay seasoned-rated stocks of the tax on commonplace regions - ANS-b. The
tenant will pay utilities, assets taxes, insurance and assets renovation
A registered assets tax consultant is needed to be employed by using or related to a senior
belongings tax consultant or performing on behalf of an legal professional who's licensed to
practice regulation in this state and who...
A. Has attended ARB hearings for at the least 2 years
b. Has effectively finished the senior belongings tax consultant registration exam
c. Is a Texas certified appraiser
d. Has in no way been convicted of a criminal - ANS-b. Has correctly finished the senior
property tax representative registration exam
A rendition of exact business private belongings that consists of most effective the name and
cope with of the belongings owner, a standard description of the belongings and the
belongings's bodily place is ok for reporting purposes if the proprietor's opinion of price is...
A. Less than $50,000
b. Less than $10,000
c. Based on the owner's federal tax return
, d. Less than $20,000 - ANS-d. Less than $20,000
A step within the value approach might encompass...
A. A separate valuation of the land as if vacant
b. Income evaluation
c. A soil evaluation
d. Review of comparables - ANS-a. A separate valuation of the land as though vacant
A taxpayer may additionally...
A. Designate powers to a couple of agent for a unmarried object indexed on the
authorization form
b. Designate standard powers to multiple agent
c. Designate a member of the ARB to represent his/her property
d. Designate an agent to get hold of only communications from the leader appraiser, the
ARB and constitute them in assets tax topics - ANS-d. Designate an agent to receive
simplest communications from the leader appraiser, the ARB and represent them in
belongings tax matters
According to the Texas Property Tax Code, a tax invoice mailed after January 10, has a
delinquency date of...
A. The first day of the following month, imparting at the least 21 days to pay
b. 60 days from the mailing date of the invoice
c. January 31
d. 30 days from the mailing date of the bill - ANS-a. The first day of the subsequent month,
supplying at least 21 days to pay
According to the Texas Property Tax Code, the price of stock is the price for which it'd sell as
a unit to a client who would preserve the business besides for inventories...
A. Of laptop producers
b. Of motor car dealers, vessels, outboard motors, heavy system, and manufactured housing
c. Of distributors granted the Freeport exemption
d. Located in a Foreign Trade Zone - ANS-b. Of motor vehicle sellers, vessels, outboard
cars, heavy equipment, and manufactured housing
After the ARB has heard proof from the protesting party and appraisal district, they shall
determine the protest and...
A. Notify the taxing unit of its decision
b. Notify the taxpayer electronically of their choice
c. Notify the chief appraiser of their selection
d. Notify the taxpayer of their decision by written order - ANS-d. Notify the taxpayer in their
decision through written order
All belongings is taxable except exempted through...
Review
A antisocial tax incurs a penalty of...
A. 20% for the first calendar month it is antisocial, plus 1% for every extra month until it's
miles paid
b. 6% for the first calendar month it's miles antisocial, plus 1% for every additional month or
portion of a month it remains unpaid
c. Five% for the first calendar month it is antisocial, plus 2% for each extra month or portion
of a month it remains unpaid
d. 10% for the primary calendar month it's miles delinquent, plus 2% for every extra month or
portion of a month it remains unpaid - ANS-b. 6% for the first calendar month it's miles
antisocial, plus 1% for each additional month or part of a month it remains unpaid
A flaw in creation, substances, or design is called...
A. Economic obsolescence
b. Depreciated price of the improvements
c. Functional obsolescence
d. External impacts - ANS-c. Functional obsolescence
A method of land surveying that describes a parcel of land is...
A. The measurements around the perimeter of the land
b. Metes and bounds
c. A geological survey
d. Site analysis - ANS-b. Metes and bounds
A motion filed pursuant to Texas Property Tax Code, Section 25.25(d) requires the taxes be
paid before the delinquency date in the quantity...
A. Of the stability due with a reimbursement contingent on the final results of the attraction
b. Of the tax in full or the undisputed amount of the tax
c. The quantity indicated on the listening to be aware
d. Agreed upon by the leader appraiser and the taxpayer - ANS-b. Of the tax in full or the
undisputed amount of the tax
A movement filed to accurate an immoderate appraisal pursuant to Section 25.25(d)...
A. Must be filed previous to the tax delinquency date
b. Must be in writing to the chief appraiser
c. May best be filed if the cost exceeds 25%
,d. May be filed if the fee exceeds 25%, the taxes had been paid, and an attraction turned
into now not heard via the ARB - ANS-a. Must be filed prior to the tax delinquency date
A man or woman who acquires assets after January 1 who qualifies for an over 65
exemption...
A. Should report the purchase to the appraisal district of the county in which the assets is
placed
b. Will not be indexed as owner of the belongings until January 1 of the subsequent year
c. May also get hold of the exemption for the applicable part of the tax year at once upon
approval of the filed exemption software
d. May now not acquire the exemption for the remainder of the 12 months in which the
assets turned into bought - ANS-c. Can also acquire the exemption for the applicable part of
the tax yr straight away upon approval of the filed exemption software
A belongings owner ought to document a written observe of protest with the ARB...
A. Upon receipt of a price notice
b. Within 15 days of receipt of a price word
c. Before June 1 or no later than 30 days after the date the awareness became added
d. Before the tax rolls are licensed with the aid of the leader appraiser - ANS-b. Within 15
days of receipt of a cost observe
A property subject to a triple internet lease requires...
A. The property be appraised through the appraisal district at the least each three years
b. The tenant can pay utilities, property taxes, coverage and property maintenance
c. The tenant can pay for structural repairs
d. The tenants pay seasoned-rated stocks of the tax on commonplace regions - ANS-b. The
tenant will pay utilities, assets taxes, insurance and assets renovation
A registered assets tax consultant is needed to be employed by using or related to a senior
belongings tax consultant or performing on behalf of an legal professional who's licensed to
practice regulation in this state and who...
A. Has attended ARB hearings for at the least 2 years
b. Has effectively finished the senior belongings tax consultant registration exam
c. Is a Texas certified appraiser
d. Has in no way been convicted of a criminal - ANS-b. Has correctly finished the senior
property tax representative registration exam
A rendition of exact business private belongings that consists of most effective the name and
cope with of the belongings owner, a standard description of the belongings and the
belongings's bodily place is ok for reporting purposes if the proprietor's opinion of price is...
A. Less than $50,000
b. Less than $10,000
c. Based on the owner's federal tax return
, d. Less than $20,000 - ANS-d. Less than $20,000
A step within the value approach might encompass...
A. A separate valuation of the land as if vacant
b. Income evaluation
c. A soil evaluation
d. Review of comparables - ANS-a. A separate valuation of the land as though vacant
A taxpayer may additionally...
A. Designate powers to a couple of agent for a unmarried object indexed on the
authorization form
b. Designate standard powers to multiple agent
c. Designate a member of the ARB to represent his/her property
d. Designate an agent to get hold of only communications from the leader appraiser, the
ARB and constitute them in assets tax topics - ANS-d. Designate an agent to receive
simplest communications from the leader appraiser, the ARB and represent them in
belongings tax matters
According to the Texas Property Tax Code, a tax invoice mailed after January 10, has a
delinquency date of...
A. The first day of the following month, imparting at the least 21 days to pay
b. 60 days from the mailing date of the invoice
c. January 31
d. 30 days from the mailing date of the bill - ANS-a. The first day of the subsequent month,
supplying at least 21 days to pay
According to the Texas Property Tax Code, the price of stock is the price for which it'd sell as
a unit to a client who would preserve the business besides for inventories...
A. Of laptop producers
b. Of motor car dealers, vessels, outboard motors, heavy system, and manufactured housing
c. Of distributors granted the Freeport exemption
d. Located in a Foreign Trade Zone - ANS-b. Of motor vehicle sellers, vessels, outboard
cars, heavy equipment, and manufactured housing
After the ARB has heard proof from the protesting party and appraisal district, they shall
determine the protest and...
A. Notify the taxing unit of its decision
b. Notify the taxpayer electronically of their choice
c. Notify the chief appraiser of their selection
d. Notify the taxpayer of their decision by written order - ANS-d. Notify the taxpayer in their
decision through written order
All belongings is taxable except exempted through...
