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ASREB State Test A-1 Questions and Answers 100% Verified $12.49   Add to cart

Exam (elaborations)

ASREB State Test A-1 Questions and Answers 100% Verified

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ASREB State Test A-1 Questions and Answers 100% Verified Arizona property taxes are based on: Pro rata share Assessed value Front Footage Transfer value Answer-Assessed Value The tax rate applied to owner occupied residential property is: 10% 12% 14% 16% Answer-10%

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  • August 9, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ASREB
  • ASREB
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GOLDTUTORS
ASREB State Test A-1 Questions and Answers 100%
Verified
Arizona property taxes are based on:

Pro rata share

Assessed value

Front Footage

Transfer value Answer-Assessed Value




The tax rate applied to owner occupied residential property is:

10%

12%

14%

16% Answer-10%




Which of the following liens would have priority?

Recorded mechanics liens

Unrecorded mechanics liens

IRS liens

Property taxes Answer-Property taxes




Property taxes become a lien the first day of

January

October

, ASREB State Test A-1 Questions and Answers 100%
Verified
November

March Answer-January




If a property is not bid at a tax lien sale:

The excess rebate goes to the property owner

Anyone can later buy the tax lien from the Treasurer

All other liens are terminated

The property can only be sold next February Answer-Anyone can later buy the tax lien
from the Treasurer



Rank the following liens in the order of their priority from highest to lowest: IRS lien, Property
Taxes, Special Assessments Answer-Property Taxes, Special Assessments, IRS lien




When a broker misappropriates funds, this is called:

Conversion

Commingling

Conveyance

Consideration Answer-Conversion




What type of property would have the highest tax rate?

Vacant land

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