Texas Property Tax Consultant Exam Review Questions with Complete Solutions
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Module
Texas Property Tax Consultant
Institution
Texas Property Tax Consultant
Texas Property Tax Consultant Exam
Review Questions with Complete
Solutions
What is the primary purpose of property taxes in Texas?
A) To fund state government operations
B) To support public education and local services
C) To promote economic development
D) To provide tax breaks for b...
Texas Property Tax Consultant Exam
Review Questions with Complete
Solutions
What is the primary purpose of property taxes in Texas?
A) To fund state government operations
✔✔B) To support public education and local services
C) To promote economic development
D) To provide tax breaks for businesses
Which entity is responsible for appraising properties in Texas?
A) The Texas Comptroller
✔✔B) The county appraisal district
C) The Texas Department of Revenue
D) The local municipality
What is the deadline for filing an application for a homestead exemption in Texas?
A) January 31
B) April 15
1
,✔✔C) May 1
D) December 31
What are the three approaches to determining property value?
A) Income, market, and production
✔✔B) Cost, income, and sales comparison
C) Market, investment, and operational
D) Sales comparison, assessment, and depreciation
What type of property is exempt from property taxes in Texas?
A) Commercial real estate
B) Residential rental property
✔✔C) Non-profit organization property
D) Agricultural land
How often are property values reassessed in Texas?
A) Every year
B) Every two years
2
,✔✔C) Every five years
D) Every ten years
What is a property tax protest?
A) A public demonstration against high property taxes
B) A legal challenge to a property tax increase
✔✔C) A request to review the assessed value of a property
D) A petition to change tax rates
What information must be included in a property tax protest filing?
A) A summary of income generated by the property
B) A personal statement from the property owner
✔✔C) Evidence supporting the claim for a lower value
D) A letter of intent to sell the property
Which of the following is true regarding agricultural exemptions in Texas?
A) They apply only to residential properties
✔✔B) They require proof of agricultural production
3
, C) They are automatically granted to all farmers
D) They can be combined with homestead exemptions
What is the role of the Texas Comptroller of Public Accounts in property taxation?
A) To assess property values
B) To oversee the collection of property taxes
✔✔C) To provide guidance and resources to appraisal districts
D) To determine tax rates for local governments
Which of the following types of properties is generally assessed at a lower rate in Texas?
A) Commercial properties
B) Residential properties
C) Industrial properties
✔✔D) Agricultural properties
What is the significance of the “equal and uniform” clause in Texas property taxation?
A) It ensures all property is taxed at the same rate
✔✔B) It requires property values to be assessed equally across different areas
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