by Mario Jauregui
True or False
Ad valorem value is
the assessor’s estimate of a property’s market value for taxation purposes.
T
True or False
Tax Rate = Tax
Digest Less Total Exemptions ÷ Budget Amount for Fiscal Year Less Anticipated Fee Collection
F: Tax Rate =
Budget
Amount for Fiscal Year Less Anticipated Fee Collection ÷ Tax Digest Less Total Exemptions
Multiple Choice
An appeal to a court
for zoning relief by a property owner after administrative, legislative, or
both types of relief have been denied.
(A)
Zoning Variance
(B)
Special Use Permit
(C)
Administrative Change
(D)
Judicial Change
D
Multiple Choice
An
___________________ is a relatively minor exception to zoning for a specific
parcel of land.
(A)
Legal Nonconforming Use
(B)
Conformity
(C)
Administrative Change
(D)
Zoning
(E)
Non of the above
C: Administrative Change
True or False
A conformity is a
valuation principle that recognizes that property values are sustained or
enhanced when a property conforms to its surrounding.
T
True or False
Property Tax Savings
from Exemption = Exemption Amount + Tax Rate
F: Property Tax Savings From Exemption = Exemption Amount
x Tax Rate
Multiple Choice
Assessment offices
offer times during the year in which property owners can make an ________________.
(A)
Mass Valuation
(B)
Assessment Appeal
(C)
Ad Valorem Value
(D)
All of the Above
B
True or False
An assessment ratio
is the ratio of assessed value to the ad valorem market value estimate,
generally 40% to 100% of the ad valorem estimate.
T
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