Taxation, 2012 Bar — Question 65

MULTIPLE CHOICE

The appraisal, assessment, levy and collection of real property tax shall be guided by the following principles. Which statement does NOT belong here? a) Real property shall be appraised at its current and fair market value; b) Real property shall be classified for assessment purposes on the basis of its actual use; c) Real property shall be assessed on the basis of a uniform classification within each local political subdivision; d) The appraisal and assessment of real property shall be based on audited financial statements of the owner.

You can write freely without an account. Sign in to reveal the suggested answer and track your progress.