Chapter 18 Review

What day does the current tax year end

• November 1

• January 1

• April 1

• December 31

• March 1

What day does the Tax exemption filing period end

• November 1

• January 1

• April 1

• December 31

• March 1

When does the new tax year begin; exemption filing period begins

• November 1

• January 1

• April 1

• December 31

• March 1

When does the property tax for previous year become delinuent

• November 1

• January 1

• April 1

• December 31

• March 1

When are property taxes payable for the current year

• November 1

• January 1

• April 1

• December 31

• March 1

Property taxes are paid in arrears

• True

• False

The first step in the property tax protest procedure is to file an appeal with the Value Adjustment Board

• True

• False

Ad valorem means according to cost

• True

• False

Property owned by nonprofit organizations is classified as immune property

• True

• False

Government buildings are immune properties-that is, government buildings are NOT subject to taxation

• True

• False