Texas Property Tax Consultant Practice Test 2024 with all questions and correct answers covered
0 view 0 purchase
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)
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 JPNAOMISTUVIA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
