CTC EXAM QUESTIONS & ANSWERS FINAL EXAM STUDY
GUIDE GRADED A+
New Jersey Statutes Annotated - CORRECT ANSWER >>>books to which tax collectors must
frequently refer to
Title 54 - CORRECT ANSWER >>>statutes that dictate the office and activities of the tax collector
Title 40 & 40A - CORRECT ANSWER >>>statutes that cover the appointment of the tax collector
and deal with municipalities and counties
Title 18 - CORRECT ANSWER >>>statutes that deal with education
Title Chapter Section and Subsections - CORRECT ANSWER >>>statutes are divided into
ordinance - CORRECT ANSWER >>>municipal version of a law that is more permanent in nature
resolutions - CORRECT ANSWER >>>adopted and renewed annually
session laws - CORRECT ANSWER >>>(pamphlet laws) laws that are sequentially number and
published annually
County Municipality Special District & School District - CORRECT ANSWER >>>four types of local
government
creatures of the state - CORRECT ANSWER >>>four forms of local government are called
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,21 - CORRECT ANSWER >>>number of counties in NJ
565 - CORRECT ANSWER >>>number of municipalities in NJ
city borough town township & village - CORRECT ANSWER >>>types of municipalities
population & geographic location - CORRECT ANSWER >>>cities are classified by
special districts - CORRECT ANSWER >>>Ex: Fire District, they have a separate tax rate and are
government by a board
population, population density, & geographic location - CORRECT ANSWER >>>counties are
classified by
county government functions - CORRECT ANSWER >>>sheriff, penal system, county clerk,
county road system, medical examiner, probation, roads, surrogate
Taxes Exist - CORRECT ANSWER >>>when a property has been assessed by the tax assessor and
a tax rate has been applied
$1,000,000 - CORRECT ANSWER >>>state tax court can hear direct appeals where the assessed
value of a property is greater than
equalization, revision, review, and enforcement - CORRECT ANSWER >>>county tax boards exist
for
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, Full and Just Share of taxes - CORRECT 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 - CORRECT ANSWER >>>County Tax Administrator must prepare and submit to the
board of taxation an equalization table by
July 1 - CORRECT ANSWER >>>Tax Assessor holds his/her office for a 4 year term beginning
Tax Assessor - CORRECT 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 - CORRECT ANSWER >>>Assessor determines property values by
Methods of Assessment - CORRECT ANSWER >>>Reproduction cost less depreciation
Income Approach
Market Data Approach
Extending - CORRECT ANSWER >>>the tax assessor is responsible for
______________________ the tax amount due
Added Assessments - CORRECT ANSWER >>>properties completed after October 1 of the pre-
tax year
Omitted Assessments - CORRECT ANSWER >>>imposed for the sale of exempt property
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GUIDE GRADED A+
New Jersey Statutes Annotated - CORRECT ANSWER >>>books to which tax collectors must
frequently refer to
Title 54 - CORRECT ANSWER >>>statutes that dictate the office and activities of the tax collector
Title 40 & 40A - CORRECT ANSWER >>>statutes that cover the appointment of the tax collector
and deal with municipalities and counties
Title 18 - CORRECT ANSWER >>>statutes that deal with education
Title Chapter Section and Subsections - CORRECT ANSWER >>>statutes are divided into
ordinance - CORRECT ANSWER >>>municipal version of a law that is more permanent in nature
resolutions - CORRECT ANSWER >>>adopted and renewed annually
session laws - CORRECT ANSWER >>>(pamphlet laws) laws that are sequentially number and
published annually
County Municipality Special District & School District - CORRECT ANSWER >>>four types of local
government
creatures of the state - CORRECT ANSWER >>>four forms of local government are called
1|Page
,21 - CORRECT ANSWER >>>number of counties in NJ
565 - CORRECT ANSWER >>>number of municipalities in NJ
city borough town township & village - CORRECT ANSWER >>>types of municipalities
population & geographic location - CORRECT ANSWER >>>cities are classified by
special districts - CORRECT ANSWER >>>Ex: Fire District, they have a separate tax rate and are
government by a board
population, population density, & geographic location - CORRECT ANSWER >>>counties are
classified by
county government functions - CORRECT ANSWER >>>sheriff, penal system, county clerk,
county road system, medical examiner, probation, roads, surrogate
Taxes Exist - CORRECT ANSWER >>>when a property has been assessed by the tax assessor and
a tax rate has been applied
$1,000,000 - CORRECT ANSWER >>>state tax court can hear direct appeals where the assessed
value of a property is greater than
equalization, revision, review, and enforcement - CORRECT ANSWER >>>county tax boards exist
for
2|Page
, Full and Just Share of taxes - CORRECT 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 - CORRECT ANSWER >>>County Tax Administrator must prepare and submit to the
board of taxation an equalization table by
July 1 - CORRECT ANSWER >>>Tax Assessor holds his/her office for a 4 year term beginning
Tax Assessor - CORRECT 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 - CORRECT ANSWER >>>Assessor determines property values by
Methods of Assessment - CORRECT ANSWER >>>Reproduction cost less depreciation
Income Approach
Market Data Approach
Extending - CORRECT ANSWER >>>the tax assessor is responsible for
______________________ the tax amount due
Added Assessments - CORRECT ANSWER >>>properties completed after October 1 of the pre-
tax year
Omitted Assessments - CORRECT ANSWER >>>imposed for the sale of exempt property
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