Chapter 11: Government Activity

Chapter 11: Government Activity

1)      Tax digest is the total amount of taxable property value of all taxable real estate within the country.

a.       True

b.      False

2)      A tax assessor is a non-governmental employee responsible for calculating and maintaining  the tax digest.

a.       True

b.      False

3)      An ad valorem value is the assessor’s estimate of a property’s market value for taxation purposes.

a.       True

b.      False       

4)      Taxable value is the assessed value after some applicable exemptions.

a.       True

b.      False

5)      The homestead exemption is a common assessed value deduction to permanent residents who use their property as their primary property residence or homestead.

a.       True

b.      False

6)      The ratio of the property tax to a property’s ______ or the market value.

a. Assessed value      

b. Ad valorem     

c. Assessment ratio      

d. None of the above

7)      The creation of geographic areas, or zones of similar land uses and density of land use is called ______.

a.       Geographical uses

b.      Best land use

c.       Zoning

d.      Effective land uses

8)      A valuation principle that recolonizes that property values are sustained or enhanced when a property conforms to its surrounds is called_______.

a. Building envelope

b. Best value of land use      

c. Best land use     

d. Conformity      

Answers:   1)T   2)F   3)T    4)F  5)T    6)B    7)C    8)D