(18) Taxes Affecting Real Estate Flashcards
1
Q
The county property appraiser determines the _____ value based on a property’s ______ value.
A
Assessed
Just
2
Q
The basic homestead tax exemption allows a deduction of ______ from the assessed value
A
25,000
3
Q
A veteran with at least a 10% military service connected disability is eligible for an additional exemption of _____ when calculating taxes on homestead property
A
5,000
4
Q
Government-owned property used to provide government services is said to be _____ from paying real estate taxes
A
Immune
5
Q
How is 10 mills expressed as decimal
A
.010
6
Q
Church owned property is ___ from paying taxes
A
Exempt
