Texas Property Tax Code Exam
Questions
What is the election cycle for board members of an appraisal district according to the
Texas Property Tax Code? - answerEvery Four Years
By which date must appraisal districts send out notices of appraised values to property
owners in Texas? - answerMay 1st
Section 1.04, Texas Property Tax Code defines personal property as? - answerAny
Property that is not Real Property
Which category of property is specifically exempt from property taxes under the Texas
Property Tax Code? - answerAgricultural Land
Which of the following factors is crucial when assessing the market value of a property?
Condition of Property, Location of Property or Historical Significance - answerLocation
of Property
What happens when at least one co-owner does not qualify for the homestead creditor
exemption? - answerThe property becomes subject to that Co-Owner's creditors
What benefit does a disabled veteran receive regarding property tax exemptions in
Texas? - answerA reduction of property taxes proportionate to their disability rating
What is the maximum time frame allowed for a property owner to receive notice of the
ARB's decision after a hearing has taken place? - answer20 Days
What does the term 'market value' refer to in the context of property appraisal in Texas?
- answerA Price a property would sell for in a competitive Market
What is the deadline to file your homestead exemption? - answerApril 30th
True or False - An appraiser owes a duty of care to those persons who he/she can
foresee are likely to take action based on the appraisal report - answerTrue
True or False - Soil conditions in a neighborhood should not be overlooked in cases
where they may influence the type of structure that can be constructed - answerTrue
True or False -A government policy which allows homeowners to deduct interest paid
on a mortgage from their taxable income would change the demand for real property
across the country. - answerTrue
, True or False - The supply of real property can be increased or decreased by the
changing use of a parcel of real property - answerTrue
Does the term Real Property include ownership rights? - answerYes
Who appoints the Appraisal Review Board in a county? - answerLocal Administrative
Judge
How often consumer member is elected to the Board? - answerEvery 3 years
What is the main responsibility of an appraisal district in relation to property taxation? -
answerTo determine Market Value of Properties
When must a property owner declare their residence as their homestead to get
homestead protection? - answerNever
Real estate must be appraised for tax purposes at LEAST every how many years in
Texas? - answer3 Years
How often are assessors required to make physical property evaluations? - answer5
Years
Within a tax sale, which of the following can occur? - answerWhoever purchases the
lien must pay at least the outstanding taxes and penalty owed.
What is the primary function of the appraisal reviewer? - answerTo form an opinion on
the adequacy and appropriateness of the appraisal report
Under what circumstances is a property owner eligible to initiate binding arbitration
regarding their property appraisal? - answerIf they Disagree with the ARB's Final
Decision
Which individual holds the primary responsibility for managing the property tax appraisal
process in Texas? - answerThe Chief Appraiser
What is the Texas State Agency that oversees the work of Appraisal District Known as?
- answerThe Texas Comptrollers Property Tax Assistance Division PTAD
Under Texas law, what is the cap on the annual increase in assessed value for
homestead properties? - answer10%
Does Texas provide tax exemptions for low income families? - answerNo
Questions
What is the election cycle for board members of an appraisal district according to the
Texas Property Tax Code? - answerEvery Four Years
By which date must appraisal districts send out notices of appraised values to property
owners in Texas? - answerMay 1st
Section 1.04, Texas Property Tax Code defines personal property as? - answerAny
Property that is not Real Property
Which category of property is specifically exempt from property taxes under the Texas
Property Tax Code? - answerAgricultural Land
Which of the following factors is crucial when assessing the market value of a property?
Condition of Property, Location of Property or Historical Significance - answerLocation
of Property
What happens when at least one co-owner does not qualify for the homestead creditor
exemption? - answerThe property becomes subject to that Co-Owner's creditors
What benefit does a disabled veteran receive regarding property tax exemptions in
Texas? - answerA reduction of property taxes proportionate to their disability rating
What is the maximum time frame allowed for a property owner to receive notice of the
ARB's decision after a hearing has taken place? - answer20 Days
What does the term 'market value' refer to in the context of property appraisal in Texas?
- answerA Price a property would sell for in a competitive Market
What is the deadline to file your homestead exemption? - answerApril 30th
True or False - An appraiser owes a duty of care to those persons who he/she can
foresee are likely to take action based on the appraisal report - answerTrue
True or False - Soil conditions in a neighborhood should not be overlooked in cases
where they may influence the type of structure that can be constructed - answerTrue
True or False -A government policy which allows homeowners to deduct interest paid
on a mortgage from their taxable income would change the demand for real property
across the country. - answerTrue
, True or False - The supply of real property can be increased or decreased by the
changing use of a parcel of real property - answerTrue
Does the term Real Property include ownership rights? - answerYes
Who appoints the Appraisal Review Board in a county? - answerLocal Administrative
Judge
How often consumer member is elected to the Board? - answerEvery 3 years
What is the main responsibility of an appraisal district in relation to property taxation? -
answerTo determine Market Value of Properties
When must a property owner declare their residence as their homestead to get
homestead protection? - answerNever
Real estate must be appraised for tax purposes at LEAST every how many years in
Texas? - answer3 Years
How often are assessors required to make physical property evaluations? - answer5
Years
Within a tax sale, which of the following can occur? - answerWhoever purchases the
lien must pay at least the outstanding taxes and penalty owed.
What is the primary function of the appraisal reviewer? - answerTo form an opinion on
the adequacy and appropriateness of the appraisal report
Under what circumstances is a property owner eligible to initiate binding arbitration
regarding their property appraisal? - answerIf they Disagree with the ARB's Final
Decision
Which individual holds the primary responsibility for managing the property tax appraisal
process in Texas? - answerThe Chief Appraiser
What is the Texas State Agency that oversees the work of Appraisal District Known as?
- answerThe Texas Comptrollers Property Tax Assistance Division PTAD
Under Texas law, what is the cap on the annual increase in assessed value for
homestead properties? - answer10%
Does Texas provide tax exemptions for low income families? - answerNo
