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MCAO: Michigan Certified Assessing Officer

Subject : certifications
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. _ is the rent actually received for a property






2. The March Board of Review may change assessments - exemptions - and classification property. What additional authority were they given by Proposal A?






3. Pole barns - silos - and large grain bins are considered _






4. When measuring a house - you use _ measurements






5. The government retains the following powers






6. The formula for calculating value is _






7. The three categories of depreciation are _






8. Most taxpayers must appeal to the local _ before appealing to the _






9. Radius squared times Pi (3.1416)






10. The rights of ownership removed by government are _






11. A report of Real and Personal Property Taxable Valuations prepared by county equalization; submitted to STC by fourth Monday in April






12. Definition of ad valorem






13. _ are used to value income-producing residential property






14. Used to value the income stream of a property






15. The middle of a ratio study where the ratios are ranked from lowest to highest or highest to lowest






16. The formula for calculating tax bills is _






17. Methods used to describe property in Michigan






18. Churches - schools - libraries and similar institutions are usually...






19. Public rights-of-way are _






20. Proposal A had the immediate result of _ property taxes in the state






21. The capitalization rate includes the _ - _ and the _






22. Value is determined by _






23. Market value of property is _






24. Notices of the decisions of the BOR must be mailed by the _






25. Personal property may be _






26. The value property has in a specific use






27. In a township - the _ is the secretary of the Board of Review






28. The three approaches to value






29. The cost approach is used to estimate _ of an _






30. _ includes the discount rate - recapture rate - and the effective rate.






31. Movable irrigation systems including pumps not an integral part of a well are _ and are _






32. Not transfers of ownership






33. The _ determines the size for rates






34. If the interest rate is 5% - the effective tax rate is 2% - the recapture rate is 2.5% - and the income attributed to the building is $40 -000. The value of the building is _






35. The _ to value is best used for mass appraisals being done by the assessor.






36. - The Building Residual - and the Direct Capitalization Capitalization techniques include the following:






37. 16 1/2 feet =






38. The Tuesday following the third Monday in _ is the _ meeting.






39. There are _ in a section






40. Enacted in 1893






41. _ are applied to the cost schedules in the manuals






42. A consumer must want the product for it to have value






43. There are _ in a geographical township






44. Personal property statements (are/are not) available to the public under the Freedom of Information Act.






45. The Assessor or Equalization Director's Notice of Property Incorrectly Reported or Omitted from Assessment Roll; filed with STC when omitted property is discovered






46. Special assessment districts are commonly used for _






47. If the Board of Review or Michigan Tax Tribunal changes the assessed - equalized - or taxable value - that value is used as the _






48. _ soil is considered the most productive






49. Report of Assessment Roll Changes and Classification; includes assessed values of all eleven classes of property






50. A depth factor chart is used to adjust lots that are _







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