Certification Exam

Question 1

The law requires the tax assessor to appraise all taxable tangible property at what level of value?

Answer 1

Fair Market Value

Question 2

The definition of Uniformity of Value is?

Answer 2

C. All taxation shall be uniform upon the same class of subjects within the territorial
limits of the authority levying the tax

Question 3

The statutory level of assessment of tangible property for property tax purposes is ________.

Answer 3

40%

Question 4

What is the outside or maximum limit for the coefficient of dispersion to
determine uniformity within a particular property type or group (excluding
residential property)?

Question 5

The annual Notice of Assessment must be mailed by the Board of Tax Assessors to taxpayers no later than _________ . (Except in the case of corrections or mapping changes)

Question 6

In order to qualify for preferential assessment, an individual property owner must
_________.

Question 7

What are the three Approaches to value?

Question 8

Who furnishes the Board of Equalization with secretarial help?

Question 9

Which approach to value is the BOA most likely to use to value rural land?

Question 10

A Conservation Use Covenant has a term of how many years?

Question 11

Who has the responsibility of making a property tax return?

Question 12

What are the two primary responsibilities of the BOA?

Question 13

The term length of a member of the Board of Equalization is how many years?

Question 14

Who appoints the members to the Board of Tax Assessors?

Question 15

The maximum amount of acreage that a landowner may enter into a Forest Land Protection Act covenant(s) is?

Question 16

Which of the following is exempt from property taxation?

Question 17

Which approach to value is the BOA most likely to use to value houses?

Question 18

In order to qualify for a homestead exemption, an individual property owner must _________.

Question 19

What are three specific things the law requires the tax assessors to take into consideration when appraising tangible real property?

Question 20

What are the two classes of property for property tax purposes in the State of Georgia?

Question 21

With whom must the property owner file an appeal concerning the value of his/her property?

Question 22

Each county’s tax digest must be approved by _________ before taxes can be collected.

Answer 22

The Revenue Commissioner

Question 23

Initially, how many days does the BOA have to make its determination and notify the taxpayer after receipt of the taxpayer’s notice of appeal if the taxpayer has selected the Board of Equalization to hear the appeal?

Question 24

A Forest Land Protection Act Covenant has a term of how many years?

Question 25

What is the valuation date of property for property taxes in the state of Georgia?

Question 26

According to the Appraisal Procedures Manual, how frequently should all real property parcels be reviewed?

Question 27

Adjustments to the value of real estate in a most recent arm’s length transaction can be added for the following reasons.

Question 28

The value of timber is taxed when the timber is _________.

Question 29

If the BOA changes a value during the review after an appeal is filed and sends a second notice, how many days does the property owner have to contact the BOA to continue the appeal?

Question 30

If a real property value is set by a decision of the BOE, Hearing Officer, Arbitrator or Superior Court, the BOA cannot change that value unless certain conditions have been met, for the next ___ years.

Question 31

A property owner has how many days to file an appeal with the tax assessors after an assessment notice is mailed?

Question 32

. Each tax receiver shall close the acceptance of property value returns as of what date each year?

Question 33

Who appoints the members to the Board of Equalization?

Question 34

‘Arm’s length, bona fide sale’ means a transaction which has

Question 35

Define Fair Market Value

Question 36

What is an appraisal?

Question 37

If an appeal is filed to the BOE regarding an exemption status, who has to provide the burden of proof?

Question 38

The board of equalization, arbitrator, and the hearing officer must all inform the taxpayer and the county of their decision at the conclusion of the hearing.

Question 39

The board of equalization is allowed to hear an appeal regarding the amount of penalties assessed from a covenant breach.

Question 40

By mutual agreement, the taxpayer and the Board of Assessors may waive an appeal to the County Board of Equalization and proceed directly to Superior Court.