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 usual reference source regarding assessment and taxes






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






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






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






5. Special assessment districts are commonly used for _






6. The formula for calculating income is _






7. The definition of market value is _






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






9. Personal property may be _






10. 16 1/2 feet =






11. The _ determines the size for rates






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






13. Initial survey point for Michigan at the intersection of two streets






14. 1 mile =






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






16. Computer assisted mass appraisal






17. Michigan's Constitution provides for _ of taxation






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






19. True cash value is _






20. The formula for calculating rate is _






21. Sections in a township start _






22. 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.






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






24. There are _ in a section






25. A report of Real and Personal Property Taxable Valuations prepared by county equalization; submitted to STC by fourth Monday in April






26. _ are applied to the cost schedules in the manuals






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






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






29. July Board of Review begins






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






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






32. The BOR _ and _ the roll






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






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






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






36. Monday December Board of Review begins






37. 1 acre =






38. Tax day






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






40. The formula for calculating tax bills is _






41. _ is the rent actually received for a property






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






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






44. 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?






45. Convened to correct clerical errors - mutual mistakes of fact or qualified errors






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






47. Michigan Tax Tribunal Appeals of special assessments are first appealed to the _ or _ and then to the _






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






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






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