Exam (elaborations)
REE 3043 Chapter 4 Test questions with Simplified answers
- Course
- Institution
REE 3043 Chapter 4 Test questions with Simplified answers
[Show more]
Content preview
REE 3043 Chapter 4 Test questions withSimplified answers
Tax rates are usually stated in mills. Assuming the tax rate in percentage terms
is 6.5%, convert this rate to mills. - ✔✔65 Mills.
Special assessments are levied to pay for specific improvements that benefit a
particular group of properties. All of the following characteristics of special
assessments are true EXCEPT:
-they are considered ad valorem taxes.
-they are applied as pro rata charges.
-they are levied directly on the properties benefited.
-they are commonly used to finance streets, storm water systems, sidewalks,
and other area improvements. - ✔✔-they are considered ad valorem taxes.
The right of government to acquire private property, without the owner's
consent, for public use in exchange for just compensation is referred to as -
✔✔Eminent Domain
Zoning ordinances that tend to exclude lower income groups by large lot size, or
that do not adequately provide low- and moderate-income housing are referred
to as - ✔✔Exclusionary Uses
The most recent approach to zoning, form-based zoning, creates a map
by segregation of - ✔✔Building Shapes
, A developer plans to place a subdivision slightly outside the city limits in an area
that is rapidly developing. However, the city claims to have the right to control
urban development even in the proposed area. The right the city is attempting to
invoke is referred to as - ✔✔extraterritorial jurisdiction.
While most real property in the United States is privately owned, government
regulations limit private property use and therefore play an important role in
the determination of property value. Proponents of government intervention
argue that regulation is needed to address the unintended and unaccounted for
consequences of one land user upon others, more commonly referred to as -
✔✔externalities
It was not until the late 1960's that land use controls moved to the forefront of
public interest, as the belief that the environment was an endless and costless
resource was replaced with the notion that the world was a closed system with
limited space, air, water, and other resources. Environmentalists coined which of
the following terms to refer to this new point of view?
-smart growth
-the silent spring
-spaceship earth
-urban sprawl - ✔✔Spaceship Earth
Given the following information, compute the property tax rate for the
community in percentage terms. Total budget expenditures: $108 million; total
nonproperty tax income: $50 million; total assessed value of all properties: $2
billion; total exemptions: $550 million.
-2.5%
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now