ASREB State Test A-1 Questions and Answers 100% Verified
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Course
ASREB
Institution
ASREB
ASREB State Test A-1 Questions and Answers 100%
Verified
Arizona property taxes are based on:
Pro rata share
Assessed value
Front Footage
Transfer value Answer-Assessed Value
The tax rate applied to owner occupied residential property is:
10%
12%
14%
16% Answer-10%
ASREB State Test A-1 Questions and Answers 100%
Verified
Arizona property taxes are based on:
Pro rata share
Assessed value
Front Footage
Transfer value Answer-Assessed Value
The tax rate applied to owner occupied residential property is:
10%
12%
14%
16% Answer-10%
Which of the following liens would have priority?
Recorded mechanics liens
Unrecorded mechanics liens
IRS liens
Property taxes Answer-Property taxes
Property taxes become a lien the first day of
January
October
, ASREB State Test A-1 Questions and Answers 100%
Verified
November
March Answer-January
If a property is not bid at a tax lien sale:
The excess rebate goes to the property owner
Anyone can later buy the tax lien from the Treasurer
All other liens are terminated
The property can only be sold next February Answer-Anyone can later buy the tax lien
from the Treasurer
Rank the following liens in the order of their priority from highest to lowest: IRS lien, Property
Taxes, Special Assessments Answer-Property Taxes, Special Assessments, IRS lien
When a broker misappropriates funds, this is called:
Conversion
Commingling
Conveyance
Consideration Answer-Conversion
What type of property would have the highest tax rate?
Vacant land
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