What type of risk occur when the mortgage market tightens and money is difficult to obtain?
Detailed Answer
B
2
Leverage increases an investor’s buying power and it may:
Detailed Answer
B
3
Which of the following is an "ad valorem tax"?
Detailed Answer
C
4
The county property appraiser assesses real property according to its fair and
equitable value, known as
Detailed Answer
D
5
If a property owner disagrees with assessed value determined by the county
property appraiser, the first step for the property owner should
6
Which of the following is an example of an exempt property?
Detailed Answer
C
7
Carl has a homestead property assessed at $49,000. If city taxes are 8 mills,
county taxes are 10 mills, and school taxes are 7 mills, what are the tax savings?
Detailed Answer
A
8
What is the tax levy on a property assessed at $150,000 and the millage rate is
14 mills?
Detailed Answer
A
9
A one-time tax levied against properties that will directly benefit from a
government expenditure or improvement is known as:
Detailed Answer
B
10
The auction bidding on tax certificate interest begins at what rate?
