Property Tax Consultant Exam Review |\ |\ |\ |\ |\
questions with answers |\ |\
The Texas Property tax code, section 41, provides for local
|\ |\ |\ |\ |\ |\ |\ |\ |\
review which - CORRECT ANSWERS ✔✔lists the reasons
|\ |\ |\ |\ |\ |\ |\ |\ |\
for taxpayer appeals
|\ |\
Property value may be estimated by using - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔sales comparison, income capitalization,
|\ |\ |\ |\ |\
and cost approach
|\ |\
the Texas property tax code, section 42, provides for
|\ |\ |\ |\ |\ |\ |\ |\ |\
judicial review including - CORRECT ANSWERS ✔✔the
|\ |\ |\ |\ |\ |\ |\
right to appeal the order determining protest from the
|\ |\ |\ |\ |\ |\ |\ |\ |\
ARB
appraisal review board (ARB) members are compensated
|\ |\ |\ |\ |\ |\ |\
by - CORRECT ANSWERS ✔✔the appraisal district
|\ |\ |\ |\ |\ |\
once a person is appointed to the ARB - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔may be removed only by a majority vote of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the appraisal districts board of directors
|\ |\ |\ |\ |\
,the ARB has the authority to - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔subpoena witnesses, records and financial documents |\ |\ |\ |\ |\ |\
of a business
|\ |\
uniform standard of professional appraisal practices
|\ |\ |\ |\ |\ |\
(USPAP) - CORRECT ANSWERS ✔✔are required to be used
|\ |\ |\ |\ |\ |\ |\ |\ |\
by appraisal districts when estimating market value
|\ |\ |\ |\ |\ |\
after the ARB has heard evidence from the protesting
|\ |\ |\ |\ |\ |\ |\ |\ |\
party and appraisal district they shall determine the
|\ |\ |\ |\ |\ |\ |\ |\
protest and - CORRECT ANSWERS ✔✔notify the taxpayer
|\ |\ |\ |\ |\ |\ |\ |\
of their decision by written order
|\ |\ |\ |\ |\
equal and uniform taxation is mandated by - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
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 - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔the first day of the next month, providing at |\ |\ |\ |\ |\ |\ |\ |\ |\
least 21 days to pay
|\ |\ |\ |\ |\
business personal property - CORRECT ANSWERS ✔✔may
|\ |\ |\ |\ |\ |\ |\
be tangible or intangible
|\ |\ |\
, a taxpayer may - CORRECT ANSWERS ✔✔designate an
|\ |\ |\ |\ |\ |\ |\ |\
agent to receive only communications from the chief
|\ |\ |\ |\ |\ |\ |\ |\
appraiser, the ARB and represent them in property tax
|\ |\ |\ |\ |\ |\ |\ |\ |\
matters
an acre of land contains - CORRECT ANSWERS ✔✔43,560
|\ |\ |\ |\ |\ |\ |\ |\ |\
square feet |\
representation of a property owner is governed by what |\ |\ |\ |\ |\ |\ |\ |\ |\
section of the Texas Property tax code - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔section 1.111 |\ |\
an easement is an interest in real property that -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔transfers use, but not ownership,
|\ |\ |\ |\ |\ |\ |\
of the property
|\ |\
an analysis of real property includes - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔highest and best use of the property
|\ |\ |\ |\ |\ |\ |\
an important component of the income approach is -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔the capitalization rate|\ |\ |\ |\
a step in the cost approach would include - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔a separate valuation of the land, as if
|\ |\ |\ |\ |\ |\ |\ |\ |\
vacant
questions with answers |\ |\
The Texas Property tax code, section 41, provides for local
|\ |\ |\ |\ |\ |\ |\ |\ |\
review which - CORRECT ANSWERS ✔✔lists the reasons
|\ |\ |\ |\ |\ |\ |\ |\ |\
for taxpayer appeals
|\ |\
Property value may be estimated by using - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔sales comparison, income capitalization,
|\ |\ |\ |\ |\
and cost approach
|\ |\
the Texas property tax code, section 42, provides for
|\ |\ |\ |\ |\ |\ |\ |\ |\
judicial review including - CORRECT ANSWERS ✔✔the
|\ |\ |\ |\ |\ |\ |\
right to appeal the order determining protest from the
|\ |\ |\ |\ |\ |\ |\ |\ |\
ARB
appraisal review board (ARB) members are compensated
|\ |\ |\ |\ |\ |\ |\
by - CORRECT ANSWERS ✔✔the appraisal district
|\ |\ |\ |\ |\ |\
once a person is appointed to the ARB - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔may be removed only by a majority vote of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the appraisal districts board of directors
|\ |\ |\ |\ |\
,the ARB has the authority to - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔subpoena witnesses, records and financial documents |\ |\ |\ |\ |\ |\
of a business
|\ |\
uniform standard of professional appraisal practices
|\ |\ |\ |\ |\ |\
(USPAP) - CORRECT ANSWERS ✔✔are required to be used
|\ |\ |\ |\ |\ |\ |\ |\ |\
by appraisal districts when estimating market value
|\ |\ |\ |\ |\ |\
after the ARB has heard evidence from the protesting
|\ |\ |\ |\ |\ |\ |\ |\ |\
party and appraisal district they shall determine the
|\ |\ |\ |\ |\ |\ |\ |\
protest and - CORRECT ANSWERS ✔✔notify the taxpayer
|\ |\ |\ |\ |\ |\ |\ |\
of their decision by written order
|\ |\ |\ |\ |\
equal and uniform taxation is mandated by - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
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 - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔the first day of the next month, providing at |\ |\ |\ |\ |\ |\ |\ |\ |\
least 21 days to pay
|\ |\ |\ |\ |\
business personal property - CORRECT ANSWERS ✔✔may
|\ |\ |\ |\ |\ |\ |\
be tangible or intangible
|\ |\ |\
, a taxpayer may - CORRECT ANSWERS ✔✔designate an
|\ |\ |\ |\ |\ |\ |\ |\
agent to receive only communications from the chief
|\ |\ |\ |\ |\ |\ |\ |\
appraiser, the ARB and represent them in property tax
|\ |\ |\ |\ |\ |\ |\ |\ |\
matters
an acre of land contains - CORRECT ANSWERS ✔✔43,560
|\ |\ |\ |\ |\ |\ |\ |\ |\
square feet |\
representation of a property owner is governed by what |\ |\ |\ |\ |\ |\ |\ |\ |\
section of the Texas Property tax code - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔section 1.111 |\ |\
an easement is an interest in real property that -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔transfers use, but not ownership,
|\ |\ |\ |\ |\ |\ |\
of the property
|\ |\
an analysis of real property includes - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔highest and best use of the property
|\ |\ |\ |\ |\ |\ |\
an important component of the income approach is -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔the capitalization rate|\ |\ |\ |\
a step in the cost approach would include - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔a separate valuation of the land, as if
|\ |\ |\ |\ |\ |\ |\ |\ |\
vacant
