ASREB State Test A-1
Arizona property taxes are based on:
Pro rata share
Assessed value
Front Footage
Transfer value ANSWERS Assessed Value
The tax rate applied to owner occupied residential property is:
10%
12%
14%
16% ANSWERS 10%
Which of the following liens would have priority?
Recorded mechanics liens
Unrecorded mechanics liens
IRS liens
Property taxes ANSWERS Property taxes
When the county assessor evaluates real estate for the purpose of taxation, this is
called:
Loan to value
Dollar value
Mill value
Assessed value ANSWERS Assessed value
In Arizona real estate taxes are levied:
Twice a year
Once a year
Every five years
Quarterly ANSWERS Once a year
Second half real estate taxes are due:
Jan 1
Oct 1
Nov 1
Mar 1 ANSWERS Mar 1
Once a homeowner's association establishes the assessments, they are paid:
Annually based on costs
Quarterly based on costs
Arizona property taxes are based on:
Pro rata share
Assessed value
Front Footage
Transfer value ANSWERS Assessed Value
The tax rate applied to owner occupied residential property is:
10%
12%
14%
16% ANSWERS 10%
Which of the following liens would have priority?
Recorded mechanics liens
Unrecorded mechanics liens
IRS liens
Property taxes ANSWERS Property taxes
When the county assessor evaluates real estate for the purpose of taxation, this is
called:
Loan to value
Dollar value
Mill value
Assessed value ANSWERS Assessed value
In Arizona real estate taxes are levied:
Twice a year
Once a year
Every five years
Quarterly ANSWERS Once a year
Second half real estate taxes are due:
Jan 1
Oct 1
Nov 1
Mar 1 ANSWERS Mar 1
Once a homeowner's association establishes the assessments, they are paid:
Annually based on costs
Quarterly based on costs
