Kansas RMA Eligibility Practice Exam

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• Sales Comparison Approach is the...
• To qualify to file for a PUP, which payment condition must be met?
• What is the assessment rate for manufactured homes?
• Abstraction equation defines as which of the following?
• What is the key difference between Replacement Cost and Reproduction Cost?
• What code indicates Local M&S cost multiplier is used?
• Where are the monthly real estate sales data entered?
• The Median Ratio is defined as:
• Which term describes the idea that the value of lower-priced properties is influenced by the presence of higher-priced properties of the same type?
• What is the purpose of Summer Fallow?
• Land devoted to agricultural use includes land established as a controlled shooting area under which statute?
• Which term states that the value of an improvement is determined by its contribution to total property value?
• Which statement describes the Unit-In-Place Method?
• AG land valuation excludes certain items; which items are not included?
• Comm/Ind machinery/equipment assessment rate (never less than 20%)
• Watercraft is its own constitutional category and has a 5% assessment.
• Residential Land units of comparison?
• Which item is required in Final Review documentation for images of the parcel?
• County publishes trends/market study analysis at least ____ days prior to mailing valuation notices.
• Older RES nbhd COD should be 15 or less
• Which term describes the phenomenon where the value of a lower priced property is increased by its association with better properties of the same type and vice versa?
• Gas Renditions display a history of how many years and in what frequency?
• The standard deviation uses which concept according to the material?
• Which of the following is described as a mathematical miscomputation error?
• Which cost-estimation method is described as the easiest and fastest in mass appraisal?
• In Curable Physical Deterioration, what is the measure of the deterioration?
• Which RCWN value condition must be met for the CIME exemption?
• Which of the following defines a Gas Well?
• Which standards establish requirements for the development and communication of a mass appraisal?
• What is the primary purpose of Kansas Property Ownership Maps as used by county appraisers?
• If personal property is less than 50% of the sale price, what happens?
• Oil & Gas property renditions must be filed by which date?
• Which scenario is identified as a clerical error type involving taxes on property?
• What is the cap rate floor and ceiling for AG properties?
• The Coefficient of Dispersion (COD) is defined as:
• Oil & Gas Leases are considered personal property and are valued at which value?
• Well depth is listed in what interval?
• If a measured well depth is 249 feet, to what depth is it rounded for reporting?
• What range is specified as acceptable for central tendency?
• Which cost approach measures the cost to construct an exact duplicate of the subject property, including original materials and design?
• Which code is required by the PVD directive for all parcels?
• Agricultural land is valued based upon which factors?
• Under Escaped Taxation penalties, Not Listed category applies to which period?
• What is the non-profit real property assessment rate?
• What is the term for combining two or more parcels to create greater utility and value?
• If taxes are paid by an escrow or tax service agent for PUP qualification, the deadline is
• Which statement about leasehold improvements is true?
• In the 3 Part Fixture Test, which element asks whether the item serves a purpose?
• Which term states that a property (land and improvements) must be valued with a single use for the entire property?
• What is the public utility real property (except railroad) assessment rate?
• What is the first step in the Sales Comparison Approach?
• Which item is listed as a consideration for aerial photography?
• What does the Discount Rate represent in valuation concepts?
• Which option correctly states the deadline for the action related to real estate sales validation questionnaires?
• What is the Overall Rate?
• Which list comprises the types of property not valued based on FMV?
• Which standards require that supporting documentation be developed and reported for all model component overrides & adjustments?
• The COD equation is:
• In a joint tenancy, which feature is true?
• Which of the following is NOT one of the three approaches to estimate fair market value?
• Which of the following is an example of chattel?
• Which statement best describes the use of Kansas Property Ownership Maps?
• Mean Ratio (equation) is calculated as which expression?
• All other urban and rural real property not otherwise subclassified is assessed at which rate?
• Incurable Functional Obsolescence results from structural deficiencies or super adequacies where the cost of cure would be greater than the anticipated increase in utility. This statement is:
• Which statement about the Comparative Unit Method is true?
• How is the Gross Income Multiplier (GIM) calculated?
• Yields for planted crops are based on which acreage measure?
• Which unit is used to compare Residential Land parcels?
• Vertical Photography is used as base maps for construction of which maps?
• What is the Landlord Share of Net Rental Income?
• Which statement correctly describes land valuation as AG?
• In the Used Cost equation, which variable is divided by the Used Factor?
• What does 'Incurable' mean in appraisal terms?
• Which expression correctly represents percent decline?
• Under Use Value, AG land is valued based on ____ rather than market value.
• Who must mail personal property valuation notices?
• Which item is NOT a Direct Cost?
• Which combination of layers is used by appraisers to delineate current agricultural use and value all parcels?
• Which property category has a 5% assessment rate?
• External Obsolescence is almost always incurable. Which option best reflects this statement?
• Who certifies values to the county clerk?
• Metes & Bounds describe which elements?
• Which appraisal concept is described as 'Use value' appraisal?
• Which two components are multiplied to compute the Effective Tax Rate (ETR)?
• The age is evident by which factor?
• In the Four Agents of Production, Land is defined as:
• Which statement about Effective Age is true?
• In Kansas, which statistic is described as an acceptable measure of dispersion?
• Which of the following is included in land devoted to agricultural use?
• A township area of 23,040 acres equals how many square miles?
• To qualify for the Comm/Ind Machinery & Equipment exemption, which condition must be met?
• Which pair of measures are described as the two most common measures employed in mass appraisal?
• Taxpayers must file annual claim for exemption by
• If personal property constitutes less than 5% of the sale price, what is the adjustment?
• What is the equation for the Aggregate/Weighted Mean Ratio?
• Minerals - Oil & Gas, other assessment rate is what, with 25% for minimum production?
• In the context of land valuation, what does the abbreviation AG stand for?
• Which statement about Crop Mix is true?
• How often should market models be recalibrated?
• Gas Well threshold: Which threshold defines a Gas Well?
• Public Utility tangible personal property (excluding railroads) is assessed at what rate?
• Which component shows ownership in composite maps?
• Under Property Classification, what is the assessment percentage for 'other' tangible personal property?
• Manufactured/Mobile Homes are considered personal property unless which conditions are met?
• Which set comprises the Highest & Best Use conditions?
• Allocation is the Land to Building ratio used when no sales of vacant land are available.
• Which percentage is not listed as an assessment rate in the material?
• What is the residential real property assessment rate?
• 1 MCF equals 1,000 cubic feet of gas
• Parts to value (3) are which trio?
• By what date must the county clerk provide tax unit maps to the Director & county appraiser?
• Under AG land valuation, which statement accurately describes how RCWN is used?
• By what date must county mail valuation notices?
• Public Utilities are assessed by the ____ with a rate of ____.
• What is the basis for determining agricultural income?
• Which statement best describes the Highest & Best Use criteria?
• Which term means nothing remains static and change is inevitable?
• The coefficient of variation (COV) is computed as the ratio of which two quantities?
• Oil & Gas penalty for late filing/failure to file: what is the maximum percentage under the monthly-penalty scheme?
• Which expression correctly represents GIM, based on the material?
• If the median ratio is 100 and the average deviation from the median ratio is 6, COD equals which of the following?
• Yield per Acre is calculated as which equation?
• Which of the following identifies the standard that governs the selection of the best indicator of value among approaches?
• Which statement most accurately describes PRD?
• Which statement best describes a quitclaim deed?
• For mineral leasehold interests (except oil) with average daily production of 5 barrels or less, and natural gas leasehold interests with average daily production of 100 mcf or less, what is the assessment rate?
• Under the stated rules, a commercial property that is not in use is
• How are mills generally written?
• CoBank AG Land loan rates are decided on what basis?
• Final Review ensures that the classification assigned to each parcel truly reflects the actual use or uses of the parcel.
• Who can sign a rendition?
• Which standards require supporting documentation for model component overrides & adjustments?
• What is the Kansas acceptable COD value in the commonly cited standard?
• Mean Ratio equation (alternate)?
• Exemption must provide a public purpose and promote the general welfare. Which option best completes this statement?
• Which description best defines the Quantity Survey Method?
• In joint tenancy, what happens to the deceased owner's interest?
• One square mile equals how many acres?
• Which of the following describes a purpose of the Final Review in the value estimation process?
• What is the add-on percentage range for AG cap rate components?
• How is depreciation calculated for commercial and industrial machinery and equipment?
• Which term requires valuing a property with a single use for the entire property?
• Who shall make an annual determination of the value of land within each class of land devoted to agricultural use within each county or homogenous region?
• What is the primary purpose of income valuation analysis?
• In a small commercial jurisdiction, the COD threshold should be what?
• What does MMCF stand for in gas measurement?
• Vacant lots are assessed at what rate?
• Which term describes the principle that no prudent person should pay any more than the cost to purchase an equally desirable site and construct an improvement with the same utility, amenities, or income stream?
• Effective Tax Rate (ETR) equation is equal to which of the following?
• Oil & Gas penalty for late filing can reach up to what percentage?
• What does the Photo Base Map represent in a composite map?
• Production Annualization (equation) which expression is correct?
• Which term describes the phenomenon that profit tends to encourage an increase in competition until the market is saturated, after which income may fall?
• Income valuation analysis is commonly referred to as what?
• Oil Renditions show history for how many years and in what frequency?
• Five dimensions for classifying real estate
• Which term refers to establishing land value when the surplus income is capitalized into a value conclusion by the land capitalization rate?
• Real estate sales validation questionnaires are received from which entity?
• Which statement best describes access control for the valuation system?
• Which of the following is an indirect-cost item?
• What are the three parts to value?
• What is the AG Land assessment rate?
• The Building Cap Rate equation equals which components?
• How many sections are in a township?
• Which term indicates that nothing remains static - change is inevitable?
• Which statement describes the Farm Machinery Exemption?
• 95% confidence interval estimates are developed for all critical performance measures. If the 95% interval overlaps the required compliance value, the measure is deemed:
• Which statement about AG cap rate is true?
• What does Replacement Cost measure in property valuation?
• In property terms, which term describes a claim against property for debts owed?
• Sales Ratio (equation)
• Which item is an indirect cost?
• Median & COD
• Which statement reflects the goal of the Final Review in relation to property valuations?
• To whom must the Scope of Work Appraisal Maintenance Plan be submitted for review?
• Excess refers to which situation in rent?
• Abstraction (equation) equals
• Which statement correctly describes Classifying MHs for tax purposes?
• What effect does plottage have on property value when combining parcels?
• How is the Used Factor equation defined?
• Crop Mix measures the percentage of planted acres for each crop relative to total planted acres in a county. Which crops are included in calculations?
• In the Cost Approach, after subtracting depreciation, which element is added to estimate value?
• Aerial photography can be classified as which two types?
• Which term describes the landlord's right to receive rent and other economic benefits from the property during the lease?
• Income valuation analysis is performed outside of which system?
• If filing is more than 1 year late from April 1, what is the penalty?
• In the mineral assessment rate, what does 'minimum production' refer to?
• Which of the following is NOT one of the Four Agents of Production?
• Tame Grass is described as being which of the following?
• CIME Depreciation is determined annually as of January, generally based upon what?
• What is the formula for Assess Value?
• On what date does the county appraiser certify values to the county clerk?
• Kansas Irrigated Productivity Index (KIPI) applies to which crops?
• By what date must the clerk certify assessment rolls to PVD?
• The date used to determine fair market value for assessment purposes is:
• What is the assessment rate for Motor Vehicles (tax roll / other)?
• What is the vacant lots assessment rate?
• Leasehold Interest is also known as which?
• Used Cost (equation)
• A truck weighing 12,500 pounds would be categorized as which type according to the material?
• In a multi-parcel sale, how is the numerator of the ratio formed?
• What does the Cadastral Layer represent?
• By what date must the Scope of Work Appraisal Maintenance Plan be submitted to PVD for review?
• Oil renditions show how many years of history and in what volume frequency?
• Effective Age is defined as
• How should leasehold improvements be valued on the assessment roll?
• What is the maximum allowed age for images prior to the review?
• Which of the following formats is acceptable for study conclusions?
• What expression represents the Total Square Feet for agricultural use when converting acres to square feet?
• In the context of incurable physical deterioration, what does the note '* not economically justified to correct' indicate?
• Net Annual Operating Income is obtained by subtracting which from Effective Gross Income?
• What is a typical purpose of a Quitclaim Deed when multiple owners are involved?
• Which statistic does PVD use to determine agricultural land use values?
• Personal property must be appraised at what value, except as provided by statute?
• When are second-half taxes due?
• If the county appraiser is not competent, to whom must a written explanation be provided upon request?
• Which description best describes PRD in this context?
• Which term states that the value of any improvement is measured by what it adds to total property value, not by its cost?
• What term describes when appraiser uses judgement to select the best indicator of value?
• What is the weight range for a medium duty truck?
• How many crop reporting districts are there in Kansas?
• Which authority has the power to abate filing penalties when the filing error is due to excusable neglect?
• In allocation, which concept expresses the relationship between land and building values?
• New RES nbhd COD should be
• How many acres are in a township?
• Market Value is determined by:
• Which entity maintains the eligibility list for county appraiser eligibility?
• In the Cost Approach, which expression correctly represents the equation?
• Gas Renditions show history for how many years and in what frequency?
• Composite maps contain which of the following components?
• What is the assessment rate for Motor Vehicles not defined & specifically valued & taxes assessment rate
• Which entity publishes trends/market study analysis prior to valuation notices?
• What is the formula for Tax?
• AG Land units of comparison?
• How many days prior to mailing valuation notices must the county publish results of market study/trend analysis?
• Which trio of layers is commonly used together to delineate current agricultural use and value all agricultural use parcels?
• Which condition makes land valued as agricultural (AG)?
• Who is responsible for filing a personal property rendition?
• What form should the mass appraisal study conclusions take?
• An acre contains how many square feet?
• How many Basic Rights of Ownership are listed in the material?
• Watercraft is categorized as:
• Land devoted to agricultural use includes land used for which category?
• What is the assessment rate for all other urban and rural real property not otherwise specifically subclassified?
• What is the maximum grace period to pay taxes after a failed exemption hearing final ruling?
• Which formula expresses how Average Soil Rating is derived from SRPG and Total Acres?
• A PRD value below which threshold indicates progressive appraisal, where higher-value properties are appraised higher?
• Kansas' acceptable COD value is:
• In older, heterogeneous areas, COD is:
• Which statement reflects a pre-assignment competency requirement?
• Aggregate/Weighted Mean Ratio (equation) equals which ratio?
• What is Functional Utility?
• Which of the following is NOT a Market Value Condition?
• Which of the following defines an Oil Well?
• What code identifies predominate economic utility in LBCS?
• What is the deadline to file an appeal after the valuation notice is mailed?
• Which of the following is described as the easiest and fastest method of cost in mass appraisal?
• What is the personal property assessment date?
• Which property type has a 25% assessment rate?
• KSA 79-1476 requires that the share of net income normally received by the landlord shall be used as
• Which term best describes the present worth of future benefits?
• Which of the following is NOT listed as a type of tame grass?
• Which statement best describes a key feature of joint tenancy?
• If personal property is more than the sale price, the sale is:
• Coordinate describes parcel location using which reference?
• Which LBCS code identifies structures?
• Selling expenses are categorized as which type of cost?
• External Obsolescence is defined as which of the following?
• Which item is listed as incurable physical deterioration in the provided material?
• In appraisal terms, chattel refers to which?
• Which unit is used to measure linear frontage on a parcel?
• In AG land valuation, which statement describes the lower bound relative to RCWN?
• Under Escaped Taxation penalties, the Not Listed category penalty and the Underreported penalty are described as?
• Progression & Regression describe how property value changes relative to neighboring properties. Which statement best captures this concept?
• What method is used to determine that value estimates assigned to improvements and land reflect the full market value of the property?
• Which two conditions must be met for manufactured homes to not be personal property?
• What is the maximum penalty for late filing if the delay lasts less than a year?
• Curable Functional Obsolescence occurs when which condition is met?
• In the context of the PRD equation, which statistical measure is used as the basis?
• In the appraisal process, May 20th refers to which event?
• Which term describes existence when all agents of production are satisfied and maximum productivity is reached?
• Chinese Drywall results in which obsolescence categories?
• Deadline to appeal notice of personal property values
• RCWN (Rental Cost When New) refers to what in the context provided?
• Which statement about the Kansas Irrigated Productivity Index (KIPI) is true?
• In the Income Approach, which item is added to Potential Gross Income to arrive at Effective Gross Income?
• Which statement is true about the Four Agents of Production?
• Which element shows soil overlays in composite maps?
• An appraiser uses multiple approaches and, for express reasons, relies more heavily on one; what term describes this practice?
• In the Income Approach, which sequence correctly represents the calculation to Net Annual Operating Income?
• A rectangular survey township is defined as what dimensions?
• Deviation - County appraiser may deviate from the values shown in the valuation guides on an individual piece of personal property for just cause shown and in order to achieve the fair market value of the property. Under what condition may the county appraiser deviate?
• One objective of the Final Review is to correlate and reconcile the indicated value from the approaches used to select the final value estimate.
• Public Utility tangible personal property (except railroads) assessment rate
• Oil Renditions show history for how many years and in what frequency?
• Who must grant Aircraft Exemptions to be exempt?
• Which element of the 3 Part Fixture Test asks whether the item is physically attached to the real property?
• What is the equation for percent decline?
• Taxes can be paid on a failed exemption hearing ___ days after the final ruling?
• Which directive and statute establish requirements for mass appraisal development and communication?
• Which category has the Oil & Gas penalty structure described?
• Which statement accurately describes how Classifying MH is determined?
• The Inclining & Declining Periods describe the life cycle of a property. Which sequence correctly represents this cycle?
• Which expression defines the Staff equation?
• Correction of Clerical Errors is handled by which entity for the current year prior to November 1?
• Other Personal Property assessment rate is:
• Non-profit real property is assessed at what rate?
• Which statement best defines Highest & Best Use?
• What is the Land Rate equation composed of?
• Oil renditions show two years of history in monthly volumes. Which option matches this?
• What is the equation for annual production?
• In property terms, what does 'Lien' mean?
• Which statement about Production Annualization is true?
• Which cost-estimation method is widely used in mass appraisal?
• Exempted from taxes: a commercial property is exempt if
• Which statement best reflects Highest & Best Use in appraisal practice?
• What type of lens may be required to secure a high-resolution image?
• What is an easement?
• Landlord interest (is also) described as which of the following?
• What is the Real Property MH assessment rate?
• When are first-half taxes due?
• Which term describes the idea that property value is influenced by established social and architectural standards?
• Which rule establishes requirements for the development and communication of a personal property appraisal?
• In the tax calculation, how is the mill levy applied?
• Commercial/Industrial machinery & equipment assessment rate is:
• In most agreements, what is the landlord's share of the crop and management fee?
• Which situation represents an error involving the property's taxable situs?
• One mill equals which of the following?
• Debt Coverage Ratio is defined as which formula?
• Coordinate refers to what type of location reference?
• Which term describes the present worth of future benefits?
• All other tangible personal property not otherwise specifically classified assessment rate
• Types of property not valued based on fair market value
• The range of a dataset of ratios is calculated as which of the following?
• The Soil Rating for Plant Growth (SRPG) is designed to rate soils based on soil properties related to plant growth and is used only on which land type?
• Which combination of qualifications is required for a County Appraiser?
• Which category is subject to the CIME assessment?
• What is the acceptable range for central tendency (Median) given in the material?
• Which of the following describes Curable Physical Deterioration?
• Which cost approach eliminates all functional obsolescence?
• Well depths are listed in increments and there is a maximum number of depths. What are these specifications?