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Azure Tide Section 18 Exam Questions and Complete Solutions Graded A+
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Azure Tide Section 18 Exam Questions and Complete Solutions Graded A+
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Azure Tide Section 18Exam Questions and
Complete Solutions
Graded A+
If a homeowner disagrees with the assessed value of the property, the only course of action to take is to
sue the local government. - Answer: False
Property tax is called an ad valorem tax because it is said to be based on a determined fair value of the
property- not an arbitrary value. - Answer: True
A 1031 Exchange is used for primary residences to transfer the Save Our Homes benefit. - Answer: False
Just value is defined as market value. - Answer: True
The Greenbelt law exemption is a partial exemption that protects agricultural land from being taxed by
higher values base on highest and best use. - Answer: True
Properties immune from property taxes include Public Schools, Municipal buildings, Police
headquarters, and Fire Stations. - Answer: True
Commercial rental property can be depreciated over 27.5 years using the straight-line depreciation
method. - Answer: False
If an investor can manage to hold real estate assets for longer than a year, they can benefit from a
reduced tax rate on the capital gains (profits). - Answer: True
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