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






2. _ is a loss of utility and therefore of value from any cause






3. Analysis for Equalized Valuation prepared by the county equalization department; submitted to the STC by the third Monday in April






4. The formula for calculating rate is _






5. Special assessments must _ the properties in the district






6. July Board of Review begins






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






8. Leased property is...






9. The value property has in a specific use






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






11. 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?






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






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






14. Deadline for filing Principal Residence Affidavits






15. _ was designed to provide for the exemption from certain taxes; to levy and collect a specific tax from the owners of properties so exempted; and to provide for the transfer of the exemption certificates; also prescribes the power and dute of the STC






16. Public rights-of-way are _






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






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






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






20. _ 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






21. Sections in a township start _






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






23. Unknown dimension formula






24. May change assessment for current year






25. There are _ in a geographical township






26. Not transfers of ownership






27. The CAMA system should be able to select comparable sales - make adjustments to the comps - and come up with an estimate of market value for the subject in the _ approach






28. Cost to construct an exact duplicate of the subject






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






30. Monday December Board of Review begins






31. Radius squared times Pi (3.1416)






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






33. Approved by voters in 1978






34. The three approaches to value






35. When measuring a house - you use _ measurements






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






37. Equity within the 83 counties of the state is the responsibility of the _






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






39. Used to value the income stream of a property






40. A platted subdivision is described by _






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






42. The highest degree of ownership






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






44. The Commercial Forest Act permits an owner to put property into a program that permits payment of a _ in lieu of the ad valorem rates






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






46. Special assessment districts are commonly used for _






47. Michigan's Constitution provides for _ of taxation






48. The government is authorized to levy taxes in the _






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests