Property Tax Consultant Review Exam Questions: Fundamentals Flashcards Preview

Texas Property Tax Code > Property Tax Consultant Review Exam Questions: Fundamentals > Flashcards

Flashcards in Property Tax Consultant Review Exam Questions: Fundamentals Deck (12)
Loading flashcards...
1

1. One participant in the administration of property taxation is:

• The Appraisal District

2

2. Property taxes, or Ad Valorem taxes are based on:

• The value of the property

3

3. One phase of the property tax calendar is:

• Appraisal, Equalization, Assessment and Collection:

4

4. Equal and Uniform taxation is cited in:

• Article VIII of the Texas Constitution

5

5. The Cost Approach to value includes the cost to replace the improvement less:

• The value of the land AS WELL AS depreciation

6

6. Forms used by the appraisal district are developed by:

• The Texas State Comptroller, Property Tax Division

7

7. The highest and best use of a property:

• Will produce the highest return on the investment

8

8. Taxable value is defined as:

• Appraised, or market value less exemptions

9

9. All property taxed on 100% of the appraised, or market value less any exemptions except:

• Special Use Property

10

10. Truth in taxation is:

• The direction for taxing units to keep taxpayers informed

11

11. The Texas State Statute that governs the licensing of property tax consultants is the:

• Texas Occupations Code

12

12. To find property tax administration procedures that support Property Tax Code Law, one would look for:

• Texas Administrative Code