{"id":117934,"date":"2023-09-01T22:27:44","date_gmt":"2023-09-01T22:27:44","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=117934"},"modified":"2023-09-01T22:27:46","modified_gmt":"2023-09-01T22:27:46","slug":"real-estate-az-specific-questions-and-answers","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/09\/01\/real-estate-az-specific-questions-and-answers\/","title":{"rendered":"REAL ESTATE (AZ SPECIFIC) QUESTIONS AND ANSWERS"},"content":{"rendered":"\n<p>Arizona property taxes are based on: \u2714\u2714Assessed value<br>The tax rate applied to owner occupied residential property is: \u2714\u271410 %<br>What lien has priority first: \u2714\u2714Property taxes<br>Property taxes become a lien the first day of: \u2714\u2714January<br>If a property is not bid at a tax foreclosure sale: \u2714\u2714Anyone can later buy the tax lien from the<br>Treasurer<br>Rank the following in order:<br>IRS lien, Property Taxes, Special Assessments \u2714\u2714Property Taxes, Special Assessments, IRS<br>Liens<br><br>When a broker misappropriates funds, this is called: \u2714\u2714Conversion<br>What type of property would have the highest tax rate: \u2714\u2714Shopping center<br>What is the priority of property tax liens: \u2714\u2714Always in first position<br>When are the first half property taxes delinquent: \u2714\u2714November 1<br>The two designations or classifications of water law in Arizona are: \u2714\u2714Ground the surface<br>Taxes are assessed on: \u2714\u2714Value of the property<br>The doctrine of water usage in Arizona is known as: \u2714\u2714Prior appropration<br>Water rights in Arizona are: \u2714\u2714First in time, first in right<br>In Arizona, property taxes are payable: \u2714\u2714Twice a year<br><br>When a party owns land on a non-navigable stream, it is said they hold title to: \u2714\u2714Lower water<br>mark<br>When the county assessor evaluates real estate for the purpose of taxation, this is called:<br>\u2714\u2714Assessed value<br>Real estate taxes are levied in Arizona: \u2714\u2714Once a year<br>Second half real estate taxes are due: \u2714\u2714march 1st<br>Once a homeowner&#8217;s association establishes the assessments, they are paid: \u2714\u2714Annually based<br>on the homeowner&#8217;s association&#8217;s budget<br>What is paid first after a foreclosure: \u2714\u2714Property taxes<br>At thend of the three-year tax redemption period, a person who holds the certificate purchase:<br>\u2714\u2714May extend the period<br><br>Which best describes prior appropriation:<br>Reliction<br>First in time first in right<br>Riparian rights<br>Adequate water supply \u2714\u2714First in time, first in right<br>Ad valorem would apply to: \u2714\u2714Property taxes<br>The redemption period in a property tax foreclosure would be how long after the certificate of<br>purchase has been issued: \u2714\u27143 years<br>What lien has second priority:<br>delinquent taxes since 2004, mortgage recorded in 2002, IRS lien recorded in 2006 \u2714\u2714Mortgage<br>A buyer is obtaining a new loan to purchase property. The buyer is most likely to accept title<br>with what lien that is unpaid as of close of escrow: \u2714\u2714Property taxes for the current year for the<br>property being sold<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arizona property taxes are based on: \u2714\u2714Assessed valueThe tax rate applied to owner occupied residential property is: \u2714\u271410 %What lien has priority first: \u2714\u2714Property taxesProperty taxes become a lien the first day of: \u2714\u2714JanuaryIf a property is not bid at a tax foreclosure sale: \u2714\u2714Anyone can later buy the tax lien from theTreasurerRank the following [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-117934","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=117934"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=117934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=117934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=117934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}