principles of tax collection class 1 questions with complete
solutions
________________ is equal to the rate of interest paid by the
municipality for the bond issue to finance the project where the
rate of return that have been accumulated on surplus funds.
Correct Answers legal interest
a change fund can not be_____________or_______________.
Correct Answers used to purchase items or never to be lent or
spent
a Chief Financial Officer is required to deposit all funds Within
Correct Answers 48 hours
a Chief Financial Officer is required to deposit all funds
Within___________hours. Correct Answers 48
a duplicate copy of a tax search shall be kept and
be__________________ numbered and show the amount
of___________________. Correct Answers consecutively, fees
charged
a fee up to____________ maybe charge for an NSF check
Correct Answers 20.00
A local improvement that serves a specific area in a municipality
and is paid for by the property owners receiving the benefit of
the Improvement is known as a_________________. Correct
Answers special assessment
,a report of collections must be filed by The Collector
_______________or more often, if required by the governing
body Correct Answers monthly
a request for continuation of a tax search may be
made___________________ of the date of the original search
Correct Answers within 3 years
a tax search must be prepared within _________days of receipt
of the request. Correct Answers 15
a veteran deduction continues with the property year after year
so long as the claimant remains________________. Correct
Answers eligible
a year and penalty may be instituted by resolution for balances
remaining at the end of the fiscal year in excess of Correct
Answers $10,000.00
a year end penalty may be instituted by resolution for balances
remaining at the end of the fiscal year in excess of
$___________________. Correct Answers 10,000.
a___________ may be designated by resolution of the governing
body to receive____________ tax, water and or__________
payments, or other public money's under the supervision of the
tax collector Correct Answers bank, current, sewer
a____________ is closed out at the end of the year Correct
Answers petty cash fund
, a______________ of the governing body is required to establish
a change fund and a petty cash fund Correct Answers resolution
added assessment bills are to be mailed no later than
____________. Correct Answers October 25
added assessments are payable on Correct Answers November
1st
after receiving the application and fee, the tax search officer
must provide the search Within____________. Correct Answers
15 days
after receiving the application and fee, the text search officer
must provide to search Within_______________. Correct
Answers 15 days
all cashiers should have their own locked_________________
in order to determine absolute responsibility for any shortage or
overage. Correct Answers cash drawer
all monies collected must be deposited Within_____________
of receipts Correct Answers 48hrs
all payments must be placed in___________________ which is
solely for the purpose of paying the debt incurred from the
improvements Correct Answers a separate account
an action may be filed with Superior Court may be filed by The
Collector to be appointed the" ex-officio" of rents for rental
solutions
________________ is equal to the rate of interest paid by the
municipality for the bond issue to finance the project where the
rate of return that have been accumulated on surplus funds.
Correct Answers legal interest
a change fund can not be_____________or_______________.
Correct Answers used to purchase items or never to be lent or
spent
a Chief Financial Officer is required to deposit all funds Within
Correct Answers 48 hours
a Chief Financial Officer is required to deposit all funds
Within___________hours. Correct Answers 48
a duplicate copy of a tax search shall be kept and
be__________________ numbered and show the amount
of___________________. Correct Answers consecutively, fees
charged
a fee up to____________ maybe charge for an NSF check
Correct Answers 20.00
A local improvement that serves a specific area in a municipality
and is paid for by the property owners receiving the benefit of
the Improvement is known as a_________________. Correct
Answers special assessment
,a report of collections must be filed by The Collector
_______________or more often, if required by the governing
body Correct Answers monthly
a request for continuation of a tax search may be
made___________________ of the date of the original search
Correct Answers within 3 years
a tax search must be prepared within _________days of receipt
of the request. Correct Answers 15
a veteran deduction continues with the property year after year
so long as the claimant remains________________. Correct
Answers eligible
a year and penalty may be instituted by resolution for balances
remaining at the end of the fiscal year in excess of Correct
Answers $10,000.00
a year end penalty may be instituted by resolution for balances
remaining at the end of the fiscal year in excess of
$___________________. Correct Answers 10,000.
a___________ may be designated by resolution of the governing
body to receive____________ tax, water and or__________
payments, or other public money's under the supervision of the
tax collector Correct Answers bank, current, sewer
a____________ is closed out at the end of the year Correct
Answers petty cash fund
, a______________ of the governing body is required to establish
a change fund and a petty cash fund Correct Answers resolution
added assessment bills are to be mailed no later than
____________. Correct Answers October 25
added assessments are payable on Correct Answers November
1st
after receiving the application and fee, the tax search officer
must provide the search Within____________. Correct Answers
15 days
after receiving the application and fee, the text search officer
must provide to search Within_______________. Correct
Answers 15 days
all cashiers should have their own locked_________________
in order to determine absolute responsibility for any shortage or
overage. Correct Answers cash drawer
all monies collected must be deposited Within_____________
of receipts Correct Answers 48hrs
all payments must be placed in___________________ which is
solely for the purpose of paying the debt incurred from the
improvements Correct Answers a separate account
an action may be filed with Superior Court may be filed by The
Collector to be appointed the" ex-officio" of rents for rental
