Texas Property Tax Consultant Exam Newest 2025/2026 Actual Exam Complete Questions And Correct Detailed Answers (Verified Answers) |Already Graded A+||Brand New Version!!

Texas Property Tax Consultant Exam Newest 2025/2026 Actual Exam Complete Questions And Correct Detailed Answers (Verified Answers) |Already Graded A+||Brand New Version!! Square feet in an acre - Answer- 43,560 square feet How many counties and CADS in Texas - Answer- 254 counties 253 CADS Number of School Districts and Number of Local Jurisdictions in Texas - Answer- 1000 School Districts and 3000 Local Jurisdictions Texas Constitution Article VIII, Sec 1 - Answer- Gives right to tax, must be equal and uniform 1979 - Answer- Truth in Taxation Law 1980 - Answer- Texas Legislature eliminated state tax 1991 - Answer- Comptroller of Public Accounts established Property Tax Division USPAP - Answer- Uniform Standards of Professional Appraisal Practice Ad Valorem - Answer- "according to value" Property taxes according to value Texas Occupations Code Chapter for Property Tax Consultant - Answer- Chapter 1152 Phases of the Tax Calendar - Answer- Appraisal Phase, Equalization Phase, Assessment Phase, and Collection Phase Appraisal Phase dates - Answer- Jan 1 thru May 15 Equalization Phase dates - Answer- May 15 thru July 20 Assessment Phase dates - Answer- July 25 thru Oct 1 Collection Phase dates - Answer- Oct 1 throughout the year Texas Administrative Code - Answer- Chapter 66 Attributes of Land (LCD For U) - Answer- Location, Composition, Durable, Finite, Useful LCD For U - Answer- Attributes of Land: Location, Composition, Durable, Finite, Useful Forces Impacting Value (PEGS) - Answer- Physical, Economic, Governmental, Social PEGS - Answer- Forces Impacting Value: Physical, Economic, Governmental, Social Government Restrictions (PEET) - Answer- Police, Eminent Domain, Escheat, Taxes PEET - Answer- Government Restrictions: Police, Eminent Domain, Escheat, Taxes Private Restrictions (placed on property by individuals) - Answer- Deed restrictions, Easement, Lease, Mortgage, Lien Real Estate - Answer- Land and Improvements Real Property - Answer- Ownership Personal Property - Answer- Income producing and movable Tangible Personal Property - Answer- You can touch it and its taxable Intangible Personal Property - Answer- Can't touch it and its not taxable Fixture - Answer- Personal property now part of real property Three tests to determine if Personal Property has become a fixture - Answer- Manner of attachment, Intent of the parties, tradition/character of the item Bundle of Rights in Ownership (SLUGER) - Answer- Sell, Lease, Use, Giveaway, Enter and exit, Right to do nothing SLUGER - Answer- Bundle of Rights: Sell, Lease, Use, Giveaway, Enter and exit, Right to do nothing. Severalty - Answer- One person or corporation owns entire bundle of rights (100% ownership) usually a Fee Simple Estate Types of Partial Interest - Answer- Life Estate, Leased Fee Estate, Leasehold Estate, Air Rights, Surface/Subsurface Life Estate - Answer- Owner grants right to use property to another person for the duration of their life Leased Fee Estate - Answer- Landlord Air Rights - Answer- 500 ft up Surface/Subsurface Rights - Answer- Mineral rights or government acquired for roads Leasehold Estate - Answer- Tenant Common Forms of Tenancies - Answer- Joint Tenancy, Tenancy in Common, Tenancy by Entirety Joint Tenancy - Answer- Right of survivorship Tenancy in Common - Answer- No right of suvivorship Tenancy by the Entirety - Answer- No party can sell their interest individually Encroachment - Answer- Trespass on another's (fence, shed) Can legally change Adverse Possession - Answer- Ownership thru possession (Squatter) Special Forms of Ownership - Answer- Condominium, Cooperative, Time-Share Condominium - Answer- Owns a certain unit and pro-rata share of common areas Cooperative - Answer- Owns land and improvements, residents owns stock in Co-op Time Share - Answer- Owner purchases right to use for specific period of time Forms of Legal Description - Answer- Metes and Bounds, Lot and Block, Township, Monument Metes and Bounds - Answer- Distance and direction from point of beginning Lot and Block - Answer- Subdivided plat recorded into public record Township - Answer- Rectangular survey