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






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






3. Two types of maps that are used in valuing agricultural land are _ maps and _ maps






4. _ is estimating the cost of an exact duplication of the building






5. Buildings on leased lands _ personal property






6. _ measures value in exchange; it is based on the principle of substitution






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






8. Property Transfer Affidavit; must be filed by purchaser within 45 days of transfer






9. The value of vacant land is estimated using _






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






11. Equity within the county is the responsibility of the _






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






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






14. There are _ in a section






15. Computer assisted mass appraisal






16. If a property owner has an agricultural use on 1/2 their property - they may designate a specific number of wooded acres as _






17. Net income is _ minus _






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






19. Market value of property is _






20. The formula for calculating income is _






21. Not transfers of ownership






22. The difference between commercial and industrial property is _






23. 1 mile =






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






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






26. The three principal steps in the cost approach are _






27. Ordinance established the laws that cover Michigan - Ohio - Indiana - Illinois - and Wisconsin






28. Cost to construct improvement with the same functional utility of the subject






29. A limits the maximum amount of ad valorem taxes that may be levied for school district operating purposes. The change this maximum requires a vote of _ of the legislature to approve.






30. Radius squared times Pi (3.1416)






31. Special assessments must _ the properties in the district






32. _ do not include property taxes - depreciation - debt retirement - or interest earned on the funds invested in the property






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






34. Used to value the income stream of a property






35. The three approaches to value






36. A private claim describes property that was occupied prior to the _






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






38. 1 acre =






39. Personal property may be _






40. Requires that the ratio of assessments to true cash value not exceed 50%






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






42. Potential income minus vacancy - bad debt - and operating expenses is the _






43. In a cost approach program - the computer system should estimate _ less _






44. The estimated potential gross income less allowances for vacancy and rent loss plus other income or miscellaneous income is _






45. Depreciation in the assessing process is expressed as a _






46. Deadline for filing Principal Residence Affidavits






47. Personal property statemetns are due on _






48. _ soil is considered the most productive






49. Tax day






50. Taxable personal property includes all property not expressly _






Can you answer 50 questions in 15 minutes?



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