Texas Property Tax Consultant Practice Test 2024 with all questions and correct answers covered
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Course
Texas Property Tax Consultant
Institution
Texas Property Tax Consultant
Texas Property Tax Consultant Practice Test 2024 with all questions and correct answers covered
Cost of annual Renewal fee - ANSWER $75
functional obsolescence - ANSWER A flaw in construction, materials or design is known as
(Income Producing) Personal Property - ANSWER P...
functional obsolescence - ANSWER A flaw in construction, materials or
design is known as
(Income Producing) Personal Property - ANSWER Property not permanently
A
attached to real estate and other assets such as inventories, furniture, and
machinery
VI
Capitalization Rate - ANSWER The capitalization rate is the rate of return on
a real estate investment property based on the income that the property is
TU
expected to generate.
Net Operating Income - NOI - ANSWER Net operating income equals all
revenue from the property minus all reasonably necessary operating expenses.
IS
Aside from rent, a property might also generate revenue from parking and
service fees, like vending and laundry machines.
M
What is covered in Chapter 41 - ANSWER Local Review & Appeal through
binding arbitration
O
What is covered in Chapter 42 - ANSWER Judicial Review
A
special use property - ANSWER property that is taxed on 100% of market
value less any exemptions except
N
Renditions must be filed by - ANSWER April 15
JP
Date that determines taxable status of property - ANSWER January 1
Date Property Taxes become delinquent - ANSWER Feb 1
Deadline to request Binding arbitration - ANSWER 45 days from receipt of
Notice of Final Order (notice from ARB hearing)
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