MICHIGAN CERTIFIED ASSESSING
TECHNICIAN EXAM AND ANSWERS.
Assessment Roll - Answers-The public record of the assessed values of properties
prepared by the assessor. The assessment roll includes, Property Identification number,
ownership, descriptions, and assessed and taxable valuations. (MCL 211.24)
Assessors Manual - Answers-The official manual that all assessing officials must use as
a guide in preparing assessments. (MCL 211.10e). Volume I contains cost data for
residential structures and most agricultural structures. Volume II contains cost data for
commercial & industrial structures and some agricultural structures.
Board of Review - Answers-Examines and reviews the assessment roll for the current
year as prepared by the supervisor/assessor. Adds property omitted from the
assessment roll. Corrects errors in names, descriptions of property, and the assessment
and valuation of property. Hears taxpayer appeals. Indorses the completed assessment
roll. (Michigan Townships Association & MCL 211.28 - 211.33)
Bundle of Rights - Answers-The six basic rights associated with the private ownership of
property; right to sell, lease/rent, use, give away, enter/leave, refuse to do any of these
S.L.U.G.E.R - Answers-Sell, Lease/ Rent , Use, Give Away, Enter/Leave, Refuse
Capped Value - Answers-The value is calculated by multiplying the prior year's Taxable
Value, with adjustments for additions and losses, by the CPI as calculated by the State
of Michigan and cannot increase by more than 5%
Capped Value Formula - Answers-(Prior Year's Taxable Value - Losses) X (The lowest
of 1.05 or the Inflation Rate Multiplier) + Additions
Chasing Sales - Answers-Making an assessment adjustment to a home that has
recently sold to reach a sale price, high or low, other than to correct a mistake or
omission of a physical fact. "Beginning December 31, 1994, the purchase price paid in a
transfer of property is not the presumptive true cash value of the property transferred. In
determining the true cash value of transferred property, an assessing officer shall
assess that property using the same valuation method used to value all other property
of that same classification in the assessing jurisdiction." (MCL 211.27 (5))
Comparables - Answers-Used in appraising for establishing the fair market value of a
property, a property which has been sold recently that is similar in size, condition,
location and amenities to the subject property.
Consumer Price Index (CPI) - Answers-A measure of inflation used by the State of
Michigan to cap annual increases in taxable value. The CPI is based on data released
by the US Department of Labor, as measured by the CPI for all urban consumers for a
TECHNICIAN EXAM AND ANSWERS.
Assessment Roll - Answers-The public record of the assessed values of properties
prepared by the assessor. The assessment roll includes, Property Identification number,
ownership, descriptions, and assessed and taxable valuations. (MCL 211.24)
Assessors Manual - Answers-The official manual that all assessing officials must use as
a guide in preparing assessments. (MCL 211.10e). Volume I contains cost data for
residential structures and most agricultural structures. Volume II contains cost data for
commercial & industrial structures and some agricultural structures.
Board of Review - Answers-Examines and reviews the assessment roll for the current
year as prepared by the supervisor/assessor. Adds property omitted from the
assessment roll. Corrects errors in names, descriptions of property, and the assessment
and valuation of property. Hears taxpayer appeals. Indorses the completed assessment
roll. (Michigan Townships Association & MCL 211.28 - 211.33)
Bundle of Rights - Answers-The six basic rights associated with the private ownership of
property; right to sell, lease/rent, use, give away, enter/leave, refuse to do any of these
S.L.U.G.E.R - Answers-Sell, Lease/ Rent , Use, Give Away, Enter/Leave, Refuse
Capped Value - Answers-The value is calculated by multiplying the prior year's Taxable
Value, with adjustments for additions and losses, by the CPI as calculated by the State
of Michigan and cannot increase by more than 5%
Capped Value Formula - Answers-(Prior Year's Taxable Value - Losses) X (The lowest
of 1.05 or the Inflation Rate Multiplier) + Additions
Chasing Sales - Answers-Making an assessment adjustment to a home that has
recently sold to reach a sale price, high or low, other than to correct a mistake or
omission of a physical fact. "Beginning December 31, 1994, the purchase price paid in a
transfer of property is not the presumptive true cash value of the property transferred. In
determining the true cash value of transferred property, an assessing officer shall
assess that property using the same valuation method used to value all other property
of that same classification in the assessing jurisdiction." (MCL 211.27 (5))
Comparables - Answers-Used in appraising for establishing the fair market value of a
property, a property which has been sold recently that is similar in size, condition,
location and amenities to the subject property.
Consumer Price Index (CPI) - Answers-A measure of inflation used by the State of
Michigan to cap annual increases in taxable value. The CPI is based on data released
by the US Department of Labor, as measured by the CPI for all urban consumers for a
