Select the best answer for each of the following questions.

Flag this Question 1 2 pts

Real Property can included all the following except...

Equipment

Buildings

Land

Equipment affixed to the building

Flag this Question 2 2 pts

Property Tax is administered by ________________.

Office of Internationl Affairs

Local Government

Federal Government

None of the above

Flag this Question 3 2 pts

Who collects the taxes on real property?

City treasurers

ESD

L&I

County treasurers

Flag this Question 4 2 pts

Personal property includes all the following except ___________.

Equipment used in business

Office Supplies

Vehicles used only for personal use

Watercraft

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When valuingmachinery and equipmentthe cost recorded includes all the following except:

freight in

installation

purchase price

freight out

Flag this Question 6 1 pts

Property used for personal use is taxed the same as property used for business.

True

False

Flag this Question 7 2 pts

Supplies include which offollowing?

office supplies

tools

materials not used in production

all of the above

Flag this Question 8 2 pts

Whichof the following isexcluded from personal property tax?

custom software

off-the-shelf software

leasehold improvements

vehicles used for off-road purposes

Flag this Question 9 2 pts

When assessing personal property all factors listed below are considered except:

the original cost

The age of the asset

whether the asset has been sold

the current market value

Flag this Question 10 1 pts

Farm equipment is taxed under all conditions and uses.

True

False

Flag this Question 11 2 pts

A company can appeala property valuation by doing all of the following except:

appeal to the Board of Equalization

contacting the assessor and telling him to change the valuation.

provide market evidence of property value

File a petition

Flag this Question 12 1 pts

Personal property includes property attached to a building.

True

False

Flag this Question 13 2 pts

Companies are required to keep records that include _______.

Asset name

Asset type

Asset cost

all of the above

Flag this Question 14 2 pts

A company must keep records for the life of the asset plus___ years.

3

5

0

1