NJ TAX ASSESSORS EXAM - TERMS AND CONCEPTS QUESTION AND ANSWERS

NJ TAX ASSESSORS EXAM - TERMS AND CONCEPTS QUESTION AND ANSWERS
Question : What are the three basic requirements of the
assessor?
Correct answer: Discovery, listing, and valuation
Question : To find effective tax rate multiply the tax rate by
____?
Correct answer: Assessment level
Question : The six basic rights associated with property are
______?
Correct answer: Sell, lease/rent, use, give away, enter or leave,
refusal to do any of the above
Question : What are the three major classifications of property?
Correct answer: Real property, personal property, intangible
personal property

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