45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 6 Unit 1 Exam

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Question #1
California has established a tax lien date when a tax lien attaches to a property. Which of these statements accurately describes the tax lien date?
A.   The date is January 1 following the fiscal year for which the property tax is delinquent.
B.   The date is June 30 for the fiscal year for which the property tax is delinquent.
C.   The date is when the property tax bill first becomes delinquent.
D.   The date is July 1 following the fiscal year for which the property tax is delinquent.
Question #2
If a property is owned by a charitable organization, a hospital, or a ________, it’s not taxable.
A.   Farmer
B.   Labor union
C.   Church
D.   Fraternal organization
Question #3
San Diego homeowner Carl hasn’t paid his property taxes for three years in a row. The county has a tax lien attached to his property. Can the county foreclose on Carl?
A.   No, California law prohibits foreclosure for a tax lien.
B.   No, a property tax lien doesn't give the lien holder the power of sale.
C.   Yes, they can foreclose immediately.
D.   Yes, but only if his taxes remain unpaid for five years.
Question #4
Under the Morgan Bill, taxpayers were given a means to resolve questions and file __________.
A.   appeals
B.   complaints
C.   taxes
D.   construction permits
Question #5
A county courthouse is exempt from property taxes because it is ______-owned.
A.   Privately
B.   Government
C.   Publicly
D.   Previously
Question #6
A property can’t be redeemed after the last day before it’s ______ to satisfy the debt.
A.   sold
B.   seized
C.   given to the government
D.   devalued
Question #7
For which of these situations will a California property be assessed property taxes for multiple base year values?
A.   Buffy and Bill have an older home in the mountains, and recently decided to have a contractor bring it up to code with seismic retrofits.
B.   Elderly Martha now uses a wheelchair to get around, so she had some modifications made to her home to accommodate it.
C.   Will bought an older house, immediately tore it down, and constructed a new one.
D.   Samantha needed more room for her growing cat family, so she had a contractor build an addition to the home she's owned for the past 10 years.
Question #8
When property taxes go unpaid, a ___________ is placed against the property.
A.   Lock
B.   Note
C.   Hold
D.   Lien

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