RPA Course 101 & 102. Intro to Texas
Property, Intro to Appraisal
A percentage that determines the amount of tax when multiplied by a base amount is
what? - answerA rate
A monetary payment a government legally requires a person to pay. - answer A Tax
A tax measured by the value of property that a person owns. - answerA Property Tax
There are two parts to a tax. They are known as what? - answerThe Rate & the Base
Amount
In the Texas Property Tax Industry, individuals who serve on a governing body, who are
elected by participating taxing units within the county boundary are known as what? -
answerThe "Directors" of the appraisal district; Board of Directors
A Latin term meaning "According to Value." - answerAd Valorem
Texas property tax rates are expressed as dollars per what? - answer$100 (in taxable
value)
The Texas State agency overseeing public school issues. - answerTexas Education
Agency (TEA)
This Texas State agency licenses and oversee property tax professionals. -
answerTexas Department of Licensing and Regulation (TDLR)
A group of officials that oversee a property tax agency. - answerA Governing Body
A Texas special purpose local government that appraises property for property tax
purposes is a what? - answerAn "Appraisal District"
What Texas State agency oversees the Open Meetings Act and Open Records Act
violations? - answerThe "Texas Attorney General's Office"
What Texas State agency is responsible for providing Appraisal Review Board training
is what? - answerThe Texas Comptroller's "Property Tax Assistance Division" (PTAD)
The chief administrator hired and fired by the Board of Directors of an appraisal district
is called what? - answerThe "Chief Appraiser"
,A body of citizens who hear property tax disputes is called what? - answerAn "Appraisal
Review Board" (ARB)
School board presidents, county judges, city mayors, and the chairman of the appraisal
district board of directors are all known as what type of official? - answerA "Presiding
Officer"
The governing body of an appraisal district. - answerBoard of Directors
Who is the Texas Property tax official that is responsible for calculating and preparing
tax bills? - answerThe "Tax Assessor"
The "Appraisal District Board of Directors does not...? - answerApprove Tax Rates
Which tax official is responsible for processing tax refunds? - answerTax Collector
What is the Texas State Agency that oversees the work of Appraisal District Known as?
- answerThe Texas Comptroller's "Property Tax Assistance Division" (PTAD)
Correcting property tax inequality and poor performance was a reason for the creation
of what? - answerAppraisal Districts
What was created for the reason of avoiding school finance litigation? -
answerAppraisal Districts
What are the phases of the Texas Property Tax Calendar in order? - answerAppraisal;
Equalization; Assessment; and Collection
Discovery, listing, and appraisal of property takes places in which phase of the Texas
Property Tax calendar? - answerThe Appraisal Phase
Hearing Tax payer protests occurs during which phase of the Texas Property Tax
calendar? - answerThe Equalization Phase
A complaint filed by a taxing unit before the appraisal review board is known as what? -
answerA Taxing Unit Challenge
What phase of the Tax Calendar is a tax rate adopted? - answerThe Assessment Phase
In which phase of the Tax Calendar does the preparation and mailing of property tax
bills occur? - answerThe Assessment Phase
Who approves the appraisal records? - answerThe Appraisal Review Board
What is the process of recording class, type, ownership, and other characteristics
called? - answerListing
, Tangible property is one of the two main categories of person property, what is the other
main category? - answerIntangible Property
What are the three approaches to value? - answerCost Approach; Market (Sales)
Approach; Income Approach
What does the acronym USPAP stand for? - answerUniform Standards of Professional
Appraisal Practice
Texas Property Tax mass appraisals by law must comply with what professional
standards? - answerUniform Standards Professional Appraisal Practice
A Latin term that refers to where a property is taxable. - answerSitus
Which local Texas Property Tax official administers and determines exemptions? -
answerThe Chief Appraiser
Valuing a large number of properties (as of a given date) using standard methods,
employing common data in a manner that allows for statistical testing is known as what?
- answerMass Appraisal
Exemptions exclude all or part of -------- from taxation? - answerValue
What are the two major categories of Texas Property Tax Exemptions? - answerTotal
and Partial
A property tax exemption that must be offered by a local taxing unit is called a -----------
exemption. - answerMandatory
A property tax exemption that a local taxing unit COULD offer is called a local ---------
exemption. - answerOption
Texas property tax exemptions can be either in lump sum amounts or ...? -
answerPercentage
Texas property tax exemptions can be either in percentage amounts or ...? -
answerLump Sum
Appraised Value less any applicable exemptions will equal what? - answerTaxable
Value
When both lump sum and percentage exemptions are offered, which should be
calculated and deducted first? - answerPercentage Exemptions
Property, Intro to Appraisal
A percentage that determines the amount of tax when multiplied by a base amount is
what? - answerA rate
A monetary payment a government legally requires a person to pay. - answer A Tax
A tax measured by the value of property that a person owns. - answerA Property Tax
There are two parts to a tax. They are known as what? - answerThe Rate & the Base
Amount
In the Texas Property Tax Industry, individuals who serve on a governing body, who are
elected by participating taxing units within the county boundary are known as what? -
answerThe "Directors" of the appraisal district; Board of Directors
A Latin term meaning "According to Value." - answerAd Valorem
Texas property tax rates are expressed as dollars per what? - answer$100 (in taxable
value)
The Texas State agency overseeing public school issues. - answerTexas Education
Agency (TEA)
This Texas State agency licenses and oversee property tax professionals. -
answerTexas Department of Licensing and Regulation (TDLR)
A group of officials that oversee a property tax agency. - answerA Governing Body
A Texas special purpose local government that appraises property for property tax
purposes is a what? - answerAn "Appraisal District"
What Texas State agency oversees the Open Meetings Act and Open Records Act
violations? - answerThe "Texas Attorney General's Office"
What Texas State agency is responsible for providing Appraisal Review Board training
is what? - answerThe Texas Comptroller's "Property Tax Assistance Division" (PTAD)
The chief administrator hired and fired by the Board of Directors of an appraisal district
is called what? - answerThe "Chief Appraiser"
,A body of citizens who hear property tax disputes is called what? - answerAn "Appraisal
Review Board" (ARB)
School board presidents, county judges, city mayors, and the chairman of the appraisal
district board of directors are all known as what type of official? - answerA "Presiding
Officer"
The governing body of an appraisal district. - answerBoard of Directors
Who is the Texas Property tax official that is responsible for calculating and preparing
tax bills? - answerThe "Tax Assessor"
The "Appraisal District Board of Directors does not...? - answerApprove Tax Rates
Which tax official is responsible for processing tax refunds? - answerTax Collector
What is the Texas State Agency that oversees the work of Appraisal District Known as?
- answerThe Texas Comptroller's "Property Tax Assistance Division" (PTAD)
Correcting property tax inequality and poor performance was a reason for the creation
of what? - answerAppraisal Districts
What was created for the reason of avoiding school finance litigation? -
answerAppraisal Districts
What are the phases of the Texas Property Tax Calendar in order? - answerAppraisal;
Equalization; Assessment; and Collection
Discovery, listing, and appraisal of property takes places in which phase of the Texas
Property Tax calendar? - answerThe Appraisal Phase
Hearing Tax payer protests occurs during which phase of the Texas Property Tax
calendar? - answerThe Equalization Phase
A complaint filed by a taxing unit before the appraisal review board is known as what? -
answerA Taxing Unit Challenge
What phase of the Tax Calendar is a tax rate adopted? - answerThe Assessment Phase
In which phase of the Tax Calendar does the preparation and mailing of property tax
bills occur? - answerThe Assessment Phase
Who approves the appraisal records? - answerThe Appraisal Review Board
What is the process of recording class, type, ownership, and other characteristics
called? - answerListing
, Tangible property is one of the two main categories of person property, what is the other
main category? - answerIntangible Property
What are the three approaches to value? - answerCost Approach; Market (Sales)
Approach; Income Approach
What does the acronym USPAP stand for? - answerUniform Standards of Professional
Appraisal Practice
Texas Property Tax mass appraisals by law must comply with what professional
standards? - answerUniform Standards Professional Appraisal Practice
A Latin term that refers to where a property is taxable. - answerSitus
Which local Texas Property Tax official administers and determines exemptions? -
answerThe Chief Appraiser
Valuing a large number of properties (as of a given date) using standard methods,
employing common data in a manner that allows for statistical testing is known as what?
- answerMass Appraisal
Exemptions exclude all or part of -------- from taxation? - answerValue
What are the two major categories of Texas Property Tax Exemptions? - answerTotal
and Partial
A property tax exemption that must be offered by a local taxing unit is called a -----------
exemption. - answerMandatory
A property tax exemption that a local taxing unit COULD offer is called a local ---------
exemption. - answerOption
Texas property tax exemptions can be either in lump sum amounts or ...? -
answerPercentage
Texas property tax exemptions can be either in percentage amounts or ...? -
answerLump Sum
Appraised Value less any applicable exemptions will equal what? - answerTaxable
Value
When both lump sum and percentage exemptions are offered, which should be
calculated and deducted first? - answerPercentage Exemptions
