Texas Property Tax Consulting Pre-
License Course Questions and Answers
Already Passed
What is the purpose of the Texas Property Tax Code?
The purpose of the Texas Property Tax Code is to establish laws and regulations governing
property taxation, appraisal processes, and the rights and re...
What is the purpose of the Texas Property Tax Code?
✔✔The purpose of the Texas Property Tax Code is to establish laws and regulations governing
property taxation, appraisal processes, and the rights and responsibilities of property owners and
tax entities.
Define the term "market value" as it relates to property appraisal.
✔✔Market value is the price at which a property would sell in a competitive and open market,
reflecting the most probable price that a knowledgeable buyer and seller would agree upon.
What are the basic steps in the property tax appraisal process?
✔✔The basic steps in the property tax appraisal process include data collection, property
inspection, analysis of market data, application of appraisal methods, and reporting the assessed
value.
Explain the concept of “ad valorem” taxation.
1
,✔✔Ad valorem taxation refers to a tax based on the assessed value of real estate or personal
property, where the tax amount is proportional to the value of the property.
What is a homestead exemption in Texas?
✔✔A homestead exemption in Texas is a legal provision that reduces the property tax burden for
homeowners by exempting a portion of their property value from taxation, often available for
primary residences.
Identify the responsibilities of a property tax consultant in Texas.
✔✔The responsibilities of a property tax consultant in Texas include advising clients on property
tax issues, preparing and filing tax protests, and representing clients before appraisal review
boards.
What are the qualifications required to become a licensed property tax consultant in Texas?
✔✔To become a licensed property tax consultant in Texas, an individual must complete a state-
approved pre-license course, pass the licensing exam, and meet the experience requirements
outlined by the Texas Department of Licensing and Regulation.
Describe the role of the Appraisal Review Board (ARB) in the property tax system.
2
,✔✔The Appraisal Review Board (ARB) serves as an independent body that hears property
owners' protests regarding property appraisals and determines the final appraised value of
properties.
What factors are considered in determining a property's assessed value?
✔✔Factors considered in determining a property's assessed value include the property's location,
size, condition, improvements, comparable sales, and market trends.
What is the significance of property tax exemptions?
✔✔Property tax exemptions are significant because they provide financial relief to specific
categories of property owners, such as veterans or senior citizens, reducing their overall tax
burden.
Explain the process for filing a property tax protest in Texas.
✔✔The process for filing a property tax protest in Texas involves submitting a written notice of
protest to the local appraisal district, stating the reasons for the protest, and attending a hearing
before the Appraisal Review Board.
What is the difference between a property appraisal and a property assessment?
3
, ✔✔A property appraisal is an estimate of a property's market value conducted by a licensed
appraiser, while a property assessment is the determination of the value of a property for tax
purposes by an appraisal district.
How can property owners challenge their property tax assessments in Texas?
✔✔Property owners can challenge their property tax assessments in Texas by filing a protest
with the appraisal district, presenting evidence to support their claim, and possibly appealing to
the district court if necessary.
What is the impact of property tax liens on real estate transactions?
✔✔Property tax liens can affect real estate transactions by creating a legal claim against the
property for unpaid taxes, which must be resolved before the property can be sold or refinanced.
Describe the concept of “equal and uniform” taxation in Texas.
✔✔"Equal and uniform" taxation in Texas refers to the principle that properties should be
appraised at the same percentage of market value, ensuring fairness and consistency in property
tax assessments across the jurisdiction.
What is the role of the Texas Comptroller of Public Accounts regarding property taxes?
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