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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. Michigan's Constitution provides for _ of taxation






2. A consumer must be able to purchasee the property






3. There are _ in a geographical township






4. - restrictions (zoneing - etc.) - and improvements on the site When valuing property - the assessor should consider _






5. If a business fails to file a personal property statement - the assessor shall _






6. The _ must approve the application for an IFT before the State Tax Commission approves the application






7. Personal property forms must be approved by the _






8. If the subject property has a fireplace and air-conditioning and the comp has only air-conditioning - what adjustment would be made to what property?






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






10. It is necessary to have an evening meeting unless the residents...






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






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






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






14. Deadline for filing Principal Residence Affidavits






15. Computer assisted mass appraisal






16. The second meeting of the BOR is held to _






17. In July and December - the BOR may meet to _






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






19. In heavily wooded areas where property lines may be difficult to identify - it is important that the owners protect their property from being claimed under _






20. The government retains the following powers






21. The highest degree of ownership






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






23. Special assessment districts are commonly used for _






24. Compares the property beign appraised to similar properties that have recently sold






25. The Private Forest Reserve Act specifies that the property in the reserve be assessed on the ad valorem at _






26. The CAMA system should be able to calculate the valuation of properties by direct capitalization in the _ approach






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






28. Effective gross income is the estimated _ less _ for _ and _ plus other _ or _






29. The formula for calculating tax bills is _






30. If there is a 40-acre parcel and all but the land surrounding the house is wooded - this property should be classified by _






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






32. _ is a loss in value caused by factors outside the property






33. The value property has in a specific use






34. Length times the width






35. A platted subdivision is described by _






36. _ is used to adjust the cosst approach to market value for residential properties






37. _ are those expenses necessary for generating income. This includes reserves for replacements - accounting fees - advertising costs - maintenance costs such as lawn care - snow removal - repairs - trash removal - utilities - and a maintenance manager






38. Buildings on leased lands _ personal property






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






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






41. Special assessments are not levied on all real and personal property that...






42. The return on the investment called in the capitalization rate is _






43. Vacant land adjustments have to be made for differences in _






44. July Board of Review begins






45. Methods used to describe property in Michigan






46. Tax day






47. Report of Taxable Valuations Including Additions - Losses and Totals as approved by BOR;






48. When measuring a house - you use _ measurements






49. The definition of the economic principle of highest and best use is _






50. The BOR _ and _ the roll







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Can you answer 50 questions in 15 minutes?


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