TEXAS PROPERTY TAX CODE EXAM
QUESTIONS AND ANSWERS
What is the election cycle for board members of an appraisal district according to the
Texas Property Tax Code? - Correct Answers -Every Four Years
By which date must appraisal districts send out notices of appraised values to property
owners in Texas? - Correct Answers -May 1st
Section 1.04, Texas Property Tax Code defines personal property as? - Correct
Answers -Any Property that is not Real Property
Which category of property is specifically exempt from property taxes under the Texas
Property Tax Code? - Correct Answers -Agricultural 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 - Correct Answers
-Location of Property
What happens when at least one co-owner does not qualify for the homestead creditor
exemption? - Correct Answers -The property becomes subject to that Co-Owner's
creditors
Under what circumstances is a property owner eligible to initiate binding arbitration
regarding their property appraisal? - Correct Answers -If they Disagree with the ARB's
Final Decision
Which individual holds the primary responsibility for managing the property tax appraisal
process in Texas? - Correct Answers -The Chief Appraiser
What is the Texas State Agency that oversees the work of Appraisal District Known as?
- Correct Answers -The Texas Comptrollers Property Tax Assistance Division PTAD
What benefit does a disabled veteran receive regarding property tax exemptions in
Texas? - Correct Answers -A 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? - Correct Answers -20 Days
What does the term 'market value' refer to in the context of property appraisal in Texas?
- Correct Answers -A Price a property would sell for in a competitive Market
What is the deadline to file your homestead exemption? - Correct Answers -April 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 - Correct Answers -True
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 - Correct
Answers -True
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. - Correct Answers -True
True or False - The supply of real property can be increased or decreased by the
changing use of a parcel of real property - Correct Answers -True
Does the term Real Property include ownership rights? - Correct Answers -Yes
Who appoints the Appraisal Review Board in a county? - Correct Answers -Local
Administrative Judge
How often consumer member is elected to the Board? - Correct Answers -Every 3 years
What is the main responsibility of an appraisal district in relation to property taxation? -
Correct Answers -To determine Market Value of Properties
When must a property owner declare their residence as their homestead to get
homestead protection? - Correct Answers -Never
Real estate must be appraised for tax purposes at LEAST every how many years in
Texas? - Correct Answers -3 Years
How often are assessors required to make physical property evaluations? - Correct
Answers -5 Years
Within a tax sale, which of the following can occur? - Correct Answers -Whoever
purchases the lien must pay at least the outstanding taxes and penalty owed.
What is the primary function of the appraisal reviewer? - Correct Answers -To form an
opinion on the adequacy and appropriateness of the appraisal report
QUESTIONS AND ANSWERS
What is the election cycle for board members of an appraisal district according to the
Texas Property Tax Code? - Correct Answers -Every Four Years
By which date must appraisal districts send out notices of appraised values to property
owners in Texas? - Correct Answers -May 1st
Section 1.04, Texas Property Tax Code defines personal property as? - Correct
Answers -Any Property that is not Real Property
Which category of property is specifically exempt from property taxes under the Texas
Property Tax Code? - Correct Answers -Agricultural 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 - Correct Answers
-Location of Property
What happens when at least one co-owner does not qualify for the homestead creditor
exemption? - Correct Answers -The property becomes subject to that Co-Owner's
creditors
Under what circumstances is a property owner eligible to initiate binding arbitration
regarding their property appraisal? - Correct Answers -If they Disagree with the ARB's
Final Decision
Which individual holds the primary responsibility for managing the property tax appraisal
process in Texas? - Correct Answers -The Chief Appraiser
What is the Texas State Agency that oversees the work of Appraisal District Known as?
- Correct Answers -The Texas Comptrollers Property Tax Assistance Division PTAD
What benefit does a disabled veteran receive regarding property tax exemptions in
Texas? - Correct Answers -A 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? - Correct Answers -20 Days
What does the term 'market value' refer to in the context of property appraisal in Texas?
- Correct Answers -A Price a property would sell for in a competitive Market
What is the deadline to file your homestead exemption? - Correct Answers -April 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 - Correct Answers -True
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 - Correct
Answers -True
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. - Correct Answers -True
True or False - The supply of real property can be increased or decreased by the
changing use of a parcel of real property - Correct Answers -True
Does the term Real Property include ownership rights? - Correct Answers -Yes
Who appoints the Appraisal Review Board in a county? - Correct Answers -Local
Administrative Judge
How often consumer member is elected to the Board? - Correct Answers -Every 3 years
What is the main responsibility of an appraisal district in relation to property taxation? -
Correct Answers -To determine Market Value of Properties
When must a property owner declare their residence as their homestead to get
homestead protection? - Correct Answers -Never
Real estate must be appraised for tax purposes at LEAST every how many years in
Texas? - Correct Answers -3 Years
How often are assessors required to make physical property evaluations? - Correct
Answers -5 Years
Within a tax sale, which of the following can occur? - Correct Answers -Whoever
purchases the lien must pay at least the outstanding taxes and penalty owed.
What is the primary function of the appraisal reviewer? - Correct Answers -To form an
opinion on the adequacy and appropriateness of the appraisal report
