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






2. The _ determines the size for rates






3. Value is determined by _






4. Radius squared times Pi (3.1416)






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






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






7. Inventory (is/is not) exempt






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






9. Taxable unless specifically exempted






10. March Board of Review begins






11. The value property has in a specific use






12. Article 9 of the Michigan Constitution provides for uniform property taxation which may not exceed _ of true cash value which is defined as being the _






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






14. Formula used to calculate taxes is _






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






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






17. Taxable personal property includes all property not expressly _






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






19. The first meeting of the BOR is held on the _






20. Enacted in 1893






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






22. _ soil is considered the most productive






23. The definition of the economic principle of highest and best use is _






24. is the rent a property could command on the open market






25. Personal property may be _






26. July Board of Review begins






27. 1 mile =






28. 1 acre =






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






30. Deadline for filing Principal Residence Affidavits






31. The highest degree of ownership






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






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






34. The most common types of ownership are _






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






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






37. The usual reference source regarding assessment and taxes






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






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






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






41. Half the base times the height






42. Computer assisted mass appraisal






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






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






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






46. The amount of money or goods you can receive if you sell property






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






48. 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.






49. Michigan's Constitution uses _ to determine assessments






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