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






2. Property Transfer Affidavit; must be filed by purchaser within 45 days of transfer






3. The General Property Tax Law states that agricultural operations means farming in all its _






4. The value of vacant land is estimated using _






5. The BOR _ and _ the roll






6. _ soil is considered the most productive






7. Michigan's Constitution uses _ to determine assessments






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






9. The value property has in a specific use






10. March Board of Review begins






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






12. Definition of ad valorem






13. Potential income minus vacancy - bad debt - and operating expenses is the _






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






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






16. 16 1/2 feet =






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






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






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






20. 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?






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






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 highest degree of ownership






24. Unknown dimension formula






25. Public rights-of-way are _






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






27. Tax day






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






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






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






31. Buildings on leased lands _ personal property






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






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






34. The _ determines the size for rates






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






36. Radius squared times Pi (3.1416)






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






38. Depreciation in the assessing process is expressed as a _






39. Monday December Board of Review begins






40. If there is a 40-acre parcel and all but the land surrounding the house is wooded - this property should be classified by _






41. There are _ in a geographical township






42. In heavily wooded areas where property lines may be difficult to identify - it is important that the owners protect their property from being claimed under _






43. The three approaches to value






44. One use of land value maps is to _






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






46. Enacted in 1893






47. _ is the rent actually received for a property






48. Sections in a township start _






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






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