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






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






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






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






5. You verify a sale _






6. Formula used to calculate taxes is _






7. Length times the width






8. Equity at the local level is the responsibility of the _






9. _ soil is considered the most productive






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






11. The discount rate may be developed by the following:






12. The value property has in a specific use






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






14. Unknown dimension formula






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






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






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






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






19. 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.






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






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






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






23. Public rights-of-way are _






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






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






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






27. Management costs in timber-cutover include _ which are usually the largest expense in this classification






28. Michigan's Constitution uses _ to determine assessments






29. Deadline for filing personal property statements






30. Special assessments must _ the properties in the district






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






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






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






34. Not transfers of ownership






35. The Tuesday following the third Monday in _ is the _ meeting.






36. _ is estimating the cost of a building of similar design and utility






37. 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?






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






39. Value is determined by _






40. The formula for calculating rate is _






41. The highest degree of ownership






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






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






44. The formula for calculating income is _






45. Personal property may be _






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






47. There are _ in a geographical township






48. The most common types of ownership are _






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






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