Texas Property Tax Consultant Exam Review questions and answers 2024
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Course
Texas Property Tax Consultant
Institution
Texas Property Tax Consultant
Texas Property Tax Consultant Exam Review questions and answers 2024
The Texas Property Tax Code, Section 41, provides for local review which...
a. Lists the reasons for taxpayer appeals
b. Lists the type of exemptions available to the taxpayer
c. Lists the different types of taxable proper...
,The Texas Property Tax Code, Section 41, provides for local review which...
a. Lists the reasons for taxpayer appeals
b. Lists the type of exemptions available to the taxpayer
c. Lists the different types of taxable property
d. Lists the qualifications to serve on an Appraisal Review Board (ARB) -
ANSWER a. Lists the reasons for taxpayer appeals
A
Property Value may be estimated by using...
VI
a. Situs, depreciation and prices per square foot of improvements
b. Age/life method, historical cost, replacement cost new
TU
c. Sales comparison, income capitalization, and cost approach
d. Principle of substitution, supply and demand, Principle of balance - ANSWER
c. Sales comparison, income capitalization, and cost approach
IS
The Texas Property Tax Code, Section 42, provides for Judicial Review
including...
M
a. The rights of disabled veterans
b. The right to appeal the Order Determining Protest from the ARB
O
c. Alternate appeal methods in lieu of an appeal to the ARB
d. The rights of filing late applications - ANSWER b. The right to appeal the
Order Determining Protest from the ARB
A
Appraisal Review Board (ARB) members are compensated by...
N
a. The State Comptroller's Office
JP
b. The taxing units located in the district
c. The appraisal district
d. Each person who files an appeal to the ARB - ANSWER c. The appraisal
district
Once a person is appointed to the ARB...
a. He/She cannot be removed from the ARB during the appointed term
, b. May be removed only by a majority vote of the appraisal district's board of
directors
c. May be removed only by the State Comptrollers Office
d. May be removed only by a majority of voting taxpayers within the district -
ANSWER b. May be removed only by a majority vote of the appraisal district's
board of directors
The ARB has the authority to...
A
a. Subpoena witnesses, records and financial documents of a business
VI
b. Terminate the employment of the chief appraiser
c. Select the person who will represent the district at a hearing
d. Set tax rates for taxing entities within the county they serve - ANSWER a.
TU
Subpoena witnesses, records and financial documents of a business
Uniform Standard of Professional Appraisal Practices (USPAP)...
IS
a. Do not apply when using mass appraisal techniques
b. Have no effect on market value for property tax purposes
c. Are required to be used by appraisal districts when estimating market value
M
d. Are used only when appraising property for finance purposes - ANSWER
c. Are required to be used by appraisal districts when estimating market value
O
After the ARB has heard evidence from the protesting party and appraisal district,
they shall determine the protest and...
A
a. Notify the taxing unit of its decision
N
b. Notify the taxpayer electronically of their decision
c. Notify the chief appraiser of their decision
JP
d. Notify the taxpayer of their decision by written order - ANSWER d. Notify
the taxpayer of their decision by written order
Equal and uniform taxation is mandated by...
a. The State Comptrollers Office
b. The ARB
c. The Texas Constitution and the Texas Property Tax Code
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