Chapter 11 questions

Chapter 11 Questions
By Michael McMinassian

1.     The Tax Digest is a new magazine.

2.     A tax assessor is a local government employee in a tax assessment office responsible for calculating and maintaining the tax digest.

3.     The Ad Valorem Value is the assessor’s estimate of a property’s market value for taxation purposes.

4.     A millage rate or Mill is a rate of 1 per 1,000,000 or 1/1,000,000.

5.     The assessed value is the value the assessor-determined used to calculate property rights.

6.     If you want to change the zoning on your property and want to appeal to a court for zoning relief you are demonstrating_________relief.

a.     Administrative

b.     Legislative

c.      Judicial

d.     Grandfather

7.     The __________ is the area on the site that may be legally used for the building.

a.     Building Envelope

b.     Zoning Variance

c.      Encroachment

d.     Conformity

8.     The effective Tax Rate is equal to ____________divided by the _________.

a.     Property Tax Due, Ad Valorem Value

b.     Ad Valorem Value, Property Tax Due

c.      Exemptions, Assessed Value

d.     Taxable Value, Millage Rate

Key
1.F
2.T
3.T
4.F
5.T
6.C
7.A
8.A