ch 6

Question 1

What factors are most important when defining cost effectiveness in the context of property tax administration?

Answer 1

Low administrative costs and high performance in appraisal accuracy, accurate records etc.

Question 2

Which achievement is most critical when considering the effectiveness of property tax administration in its broadest sense?

Answer 2

80% of potentially taxable properties have been placed on the assessment roll.

Question 3

The concept of subsidiarity

Answer 3

Matters ought to be handled by the smallest (lowest) component authority.

Question 4

A non policymaking function.

Answer 4

Ministerial

Question 5

Simultaneous access to information by different users is substantially increased, effective use of available market data is substantially increased and the potential for losing or mislaying property records is substantially reduced.

Answer 5

Advantages of a modern computer assisted mass appraisal system (CAMA):

Question 6

An action by a supervisory agency to bring assessments in the local assessment districts under its jurisdiction to a common level.

Answer 6

Equalization

Question 7

Formula for equalization factor:

Answer 7

The desired assessment level divided by the actual assessment level.

Question 8

The importance of developing map based fiscal cadastres:

Answer 8

Assessors can efficiently ensure that all parcels of land are listed in the assessment roll and that there are no gaps or overlaps in property descriptions.

Question 9

Property tax systems based on market value are less likely to need measures to adress ability to pay : T/F

Answer 9

False

Question 10

Which view of incidence of property tax contends that the tax is more like a price for a particular mix of services?

Answer 10

benefit view

Question 11

All else being equal when taxes rise, capitalization means that property values

Answer 11

fall

Question 12

Neutral non-judgemental info

Answer 12

positive

Question 13

Property tax levy limits are/are not examples of shared responsiblities between governments

Answer 13

are not

Question 14

The degree to which economic efficiency is altered

Answer 14

neutrality

Question 15

A tax system that provides higher revenue during economic upswings and lower revenue during downturns is considered

Answer 15

elastic

Question 16

Tax base includes the following except:
labor
income
consumption
wealth

Answer 16

labor

Question 17

What type of tax is used if there is a concern for vertical equity

Answer 17

income

Question 18

What items are considered in qualitative revenue forecasting

Answer 18

delphi, expert, consensus

Question 19

which equil analysis looks at multiple markets

Answer 19

general

Question 20

what term is used to describe overall tax burden on an economy

Answer 20

tax burden analysis

Question 21

Valuation system that can shift higher taxes to 1st time home buyers

Answer 21

acquisition

Question 22

When values are stable which will provide more certainty in prop taxes, rate or budget driven

Answer 22

rate driven