REE 3043 Chapter 4 Test Questions and Answers All Correct
3 views 0 purchase
Course
REE 3043
Institution
REE 3043
REE 3043 Chapter 4 Test Questions and Answers All Correct
A traditional zoning ordinance includes all of the following except
-minimum setback requirements.
-minimum lot dimensions.
-provisions for special use districts.
-performance standards. - Answer Performance Standards
Real estate...
REE 3043 Chapter 4 Test Questions
and Answers All Correct
A traditional zoning ordinance includes all of the following except
-minimum setback requirements.
-minimum lot dimensions.
-provisions for special use districts.
-performance standards. - Answer ✔ Performance Standards
Real estate taxes represent the largest single source of revenue for a large portion of
local governments. Most property taxes are applied in relation to the value of the
property, or in other words, they are - Answer ✔ ad valorem taxes.
Negative externalities can diminish a property's value by imposing costs on the
community at large. In order to offset this detrimental impact, economists advocate
internalizing these externalities by implementing - Answer ✔ Impact Fees
When a zoning ordinance is revised, some existing land uses then fall outside the new
zoning classification. These land uses are referred to as - Answer ✔ Non-Conforming
Uses
Given the following information, compute the property tax rate for the community in
mills: total budget expenditures: $250 million; total nonproperty tax income: $150
million; total assessed value of all properties: $5 billion; total exemptions: $900 million.
In considering the acquisition of real property, it is important to remember that certain
factors may limit ownership rights. Which of the following is an example of a situation in
which ownership rights can be fully removed from the property?
-land use controls
-leasehold interests
-homeowner association (HOA) bylaws
-defaulted lien - Answer ✔ leasehold interests
Given the following information, compute the effective tax rate for the particular piece of
property in percentage terms. Market value of property: $325,000, Assessed value of
property: $250,000, Exemptions: $50,000, Taxes paid: $5,363.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
