Unit 15: Real Estate Taxes and Other Liens

Question 1

Taxation - Real Property Taxes and Special Assessments

Answer 1

asdf

Question 2

Special Asssessmtnet is a type of __ ___`

Answer 2

property taax

Question 3

payment of taxes is enforced by a __ ___

Answer 3

foreclosable lien

Question 4

a property tax lien has priority over all other liens

Answer 4

note

Question 5

assessed value x tax rate =

Answer 5

property taxes

Question 6

county assessor determines assessed value.

Answer 6

appeals of assesssment are first made to a board of appeals

Question 7

priority of liens

Answer 7

property taxes, special assessments, other government liens, other liens

Question 8

Formula for taxes: Tax = ___ value x rate

Answer 8

assessed

Question 9

annual tax = assessed value x tax rate

Answer 9

assessed value = actual value x assessed rate

Question 10

If the mill rate is $50 per 1000, divide 50 by 10000 to get the rate as a decimal (0.050).

Answer 10

what