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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. Used to estimate the cost of constructing improvements to the land






2. The first meeting of the BOR is held on the _






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






4. The formula for calculating tax bills is _






5. There are _ in a section






6. Computer assisted mass appraisal






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






8. The four basic steps in the sales comparison approach is _






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






10. March Board of Review begins






11. Sections in a township start _






12. When measuring a house - you use _ measurements






13. The three categories of depreciation are _






14. The three approaches to value






15. Who may ask for establishment of an industrial facility tax exemption district?






16. It (is not necessary to use __________ when valuing agricultural property.






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






18. Value is determined by _






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






20. _ are expenses that may be part of the capitalization rate such as depreciation and property taxes or capital improvement expenses and the owner's costs and corporation costs; also not income taxes.






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






22. Economic condition factors (are/are not) applied to land and buildings






23. The formula for using a gross rent multiplier to determine market value is _






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






25. Article 9 of the Michigan Constitution provides for uniform property taxation which may not exceed _ of true cash value which is defined as being the _






26. The Board of Review was created by the _ of 1893






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






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






29. IFT's affect only the building value...






30. Accurate _ and _ are necessary because assessments are only as accurate as the data used to calculate them






31. Enacted in 1893






32. To calculate a gross rent multiplier - _






33. The government retains the following powers






34. Deadline for filing personal property statements






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






36. Tax day






37. Half the base times the height






38. 1 mile =






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






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






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






42. When appraising a commercial building - you should remember that unlike building - land is...






43. A report of Real and Personal Property totals prepared by the county equalization department; submitted to STC by the third Monday in April






44. Cost to construct an exact duplicate of the subject






45. Notice of special assessment public hearings must be given to _






46. The formula for calculating income is _






47. The rights of ownership (bundle of rights) enjoyed by the owner of real estate






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






49. Leased property is...






50. Michigan's Constitution uses _ to determine assessments







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