Test your basic knowledge |

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






2. Computer assisted mass appraisal






3. The _ determines the size for rates






4. Length times the width






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






6. Tax day






7. In a residential neighborhood - the measurement usually used in developing cost is _






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






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






10. There are _ in a section






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






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






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






14. The three approaches to value






15. Enacted in 1893






16. When measuring a house - you use _ measurements






17. Capped value is _

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18. Assessor Affidavit Regarding 'Uncapping' of Taxable Value; used when it is discovered that a property value should have been uncapped but wasn't






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






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






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






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






23. The right to use - occupy - and control a property for the length of the lessee's life






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






25. Members of the Board of Review must be _ of the township






26. To calculate a gross rent multiplier - _






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






28. Definition of ad valorem






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






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






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






32. The highest degree of ownership






33. The most common types of ownership are _






34. IFT certificates are granted for _ years with a possible 2-year construction period






35. Number of acres in the E 1/2 of the W 1/2 of hte NW 1/4






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






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






38. Usually valuing farmland is done by the _ for the land values and the _ for the buildings.






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






40. The usual reference source regarding assessment and taxes






41. 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?






42. The market rent times the number of units availabe to rent is _






43. 1 acre =






44. Radius squared times Pi (3.1416)






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






46. The rights of ownership removed by government are _






47. True cash value is _






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






49. CAMA system should estimate replacement cost new less depreciation in the _ approach






50. Approved by voters in 1978