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Texas Property Tax Consultant Exam Questions And Answers Rated 100% Correct!!
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How would you argue investment value in ARB for a recently sold hotel? (investment value typically > market value) - ️️Buyer is willing to pay a premium because they believe that the value will go up in future years, however market value is as of January 1 of the current tax year. So the ...

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  • October 4, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • texas property tax consultant

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Texas Property Tax Consultant Exam

How would you argue investment value in ARB for a recently sold hotel? (investment
value typically > market value) - ✔️✔️Buyer is willing to pay a premium because they
believe that the value will go up in future years, however market value is as of January 1
of the current tax year. So the value should not be based off that sale price because it
was an investment, but not reflective of the current market value, or based off the
previous year.

What is the breakdown of tax revenue for Texas? - ✔️✔️Property Tax: 45.2%
Sales & Gross Receipts Taxes: 44.3%
Other Taxes: 10.5%

How does the chief appraiser appeal ARB decision? - ✔️✔️He must get a written
document with all the appraisal district board of directors signatures approval

Who provides the learning material for ARB members? - ✔️✔️Comptroller

Who pays the ARB members? - ✔️✔️Appraisal District

What are the levels of trade? - ✔️✔️1. Primary producer
2. Manufacturer
3. Wholesaler
4. Retailer


25.25D what fraction of the corrected value will result in a reduction? What about the
percentage of the original value? - ✔️✔️1/3 of the corrected value
25% of the original value

Where is the Texas Property Tax Code located? - ✔️✔️The Texas Constitution, Article
8

What is SOAH and what is the benefit? - ✔️✔️SOAH - State Office of Administrative
Hearing Appeals
Property value must be over $1,000,000
Filing deposit fee is $1,500.
SOAH is like litigation but without the discovery.

What are the four phases and dates of property tax calendar? - ✔️✔️1. January - May:
Appraisal Phase
2. May - June: Equalization Phase

,3. July - September: Assessment Phase
4. October - January: Current Collection Phase

When is the valuation of property? - ✔️✔️January 1

Late Homestead Application deadline? Max amount of years late? - ✔️✔️January 31
up to two years late

When do notices go out? - ✔️✔️April 1st

When is BPP Rendition deadline? - ✔️✔️April 15th

When are exemptions and special appraisals due? - ✔️✔️April 30th

When is the last day chief appraiser can send out notices? - ✔️✔️May 1st

When is the protest deadline? - ✔️✔️May 15th

When does the ARB need to approve the appraisal records? (at least attempt) -
✔️✔️July 20th

When is the Certification of Roll Value by Chief Appraiser to taxing units due? -
✔️✔️July 25th

When is the last day to apply for Sept 1 alternative assessment date for inventory
appraisal? - ✔️✔️July 31

What two days can inventory appraisal have as an assessment date? - ✔️✔️January 1
or September 1 if you apply

What is the alternate appraisal date for inventory? - ✔️✔️September 1

When do taxing units have to set current year tax rates by? - ✔️✔️September 30

When are tax bills sent out? - ✔️✔️October 1

When are tax bills due? - ✔️✔️January 31st following the tax year. (tax year 2022 is
due Jan 31 2023)

When do taxes become delinquent? - ✔️✔️February 1st

How much do you have to pay when your taxes are delinquent? - ✔️✔️7%

When is the last day to file 25.25D? - ✔️✔️Jan 31st

, What is PTAD? - ✔️✔️Property Tax Assistance Division

What does ARB stand for and what is their role? - ✔️✔️Appraisal Review Board

A board of local citizens that hears disagreements between taxpayers and the appraisal
district about property taxability and value


What do taxes fund? - ✔️✔️public schools, city streets, county roads, police
departments, fire protection, etc

What does Ad Valorem mean? - ✔️✔️Property tax, Latin translation is "according to
[the] value"

What are taxing units/jurisdiction? - ✔️✔️counties, cities, school districts, special
districts

What does the tax assessor/collector do? - ✔️✔️calculate and creates tax bills, issues
tax certificates and collects taxes

What do appraisal districts do? - ✔️✔️set values, administers exemptions which are
used in creating tax rolls for taxing units

who create the tax rate? - ✔️✔️taxing units

Who hires the chief appraiser? - ✔️✔️the appraisal district board of directors

Who are the appraisal district board of directors and who appoints them and what do
they do? - ✔️✔️selected by taxing units

in counties with a population over 120,000, the county judge (also known as the chief
executive officer of the county) appoints members

they approve appraisal districts budgets

Who appoints ARB? - ✔️✔️in populations less that 120,000 BOD selects them.
counties that exceed 120,000 the county administrative judge chooses them


What does TDLR stand for and what do they do? - ✔️✔️Texas Department of
Licensing and Regulations
Licensing
Education
Professional Exams

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