RPA LEVEL IV PRACTICE EXAMINATION 2024/2025 WITH 100% CORRECT ANSWERS
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Course
RPA LEVEL IV PRACTICE E
Institution
RPA LEVEL IV PRACTICE E
THE APPRAISAL PHASE INCLUDES WHICH FUNCTION correct answersadministration of exemptions
THE PROCESS OR RECORDING PROPERTY CHARACTERISTICS IN THE APPRAISAL DISTRICT IS CALLED correct answerslisting
THE 10% CAP ON APPRAISAL INCREASES APPLIES TO correct answersall residence homesteads
what be...
THE APPRAISAL PHASE INCLUDES WHICH FUNCTION correct answersadministration of exemptions
THE PROCESS OR RECORDING PROPERTY CHARACTERISTICS IN THE APPRAISAL DISTRICT IS CALLED
correct answerslisting
THE 10% CAP ON APPRAISAL INCREASES APPLIES TO correct answersall residence homesteads
what best describes taxable value correct answersappraised value less the total amount of exemptions
that apply
the phase in which the governing body sets the tax rate is correct answersassessment
in most counties, the appraisal review board must complete substantially all hearing and approve the
appraisal records by correct answersjuly 20th
if a taxing unit wants to generate a levy of $50,000 and its total taxable value is $20,000,000, what tax
rate must it impose correct answers.25 per 100
"accepted appraisal practice" mean producing an estimate of value through correct answersorderly set
of steps which eliminate bias and enable testing
land value may be estimated using the correct answersmarket or income approach
best explains the bundle of rights correct answerstotal ownership of property consists of owning a
number of distinct and separable rights
the chief appraiser must , under law, use the income approach when appraising correct
answersproperties that qualify for special- use valuation
, you must always adjust, or consider adjusting, the value schedule to reflect the subjects propertys
correct answersdepreciation
most appraisal districts base value schedules for residential properties on a combination of correct
answerscost approach and market approach
when the most probable use of a property is a single-family residential, the use is correct
answersconsumptive
cash equivalency analysis requires adjusting the sales price of a comparable correct answersseller pays
points on the buyers new loan to provide the buyer with a below market interest rate
which of the following statements best explains "value in use" correct answersvalue is estimated based
upon a specific land use for the property
which of the following explains the theory of consistent use? correct answersthe use of the
improvement must be the same as the use creating the lands value
a riparian right allows the holder of the right access to or use of correct answersa body of water
in a area possessing overall conformity of average value properties a higher values property experiences
correct answersregression
according to the principle of contribution, the value of any feature of a property equals correct
answersthe amount it adds to the market value
in the final step of the sales comparison approach, estimating the subjects value, what does appraisal
text state that you should not do in arriving at an estimate of the subjects value? correct answersaverage
the prices of the comparable to estimate the subjects value
the comparable sales approach applies to correct answersany kind of property with a active market
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