Unit 9 Quiz PDF

Unit 9 Quiz =========== 1\. A developer purchases 20 acres of pasture on which to build a Super Target store and a Home Depot. The demographics in the area, and the traffic counts on the two boundary roads, support the project. What type of tax should most concern the developer? 2\. What is the gr...

Unit 9 Quiz =========== 1\. A developer purchases 20 acres of pasture on which to build a Super Target store and a Home Depot. The demographics in the area, and the traffic counts on the two boundary roads, support the project. What type of tax should most concern the developer? 2\. What is the greatest concern for a lender regarding property taxes? 3\. A newspaper article reports City Council approval of the following projects for an area of town in which you are considering investing. Which item might indicate increased property tax expenses in the near future? 4\. In most jurisdictions, disputes over property appraisals upon which taxes are calculated can be accomplished through the a\. Board of equalization b\. Board of adjustment c\. City council d\. County (or parish) tax board 5\. Which property right is probably NOT liable for property taxes? a\. Three-year residential lease b\. Twenty-year ground lease c\. Life estate d\. Mineral rights