City & Urban Development Quiz

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Question 1 of 10

1. Question
Of the following zoning ordinances, which applies to any residential properties?
- Single Family
- Multi Family
- Mixed Used
- Both A & B
- All of the Above: Single and Multi Family are specific to residential zoning, while mixed use can have residential properties in it.
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Question 2 of 10

2. Question
A _______________ is an exemption for a property to exist even in an area it isn
- Variance
- Review board
- Rezoned
- Ordinance
- None of the above
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Question 3 of 10

3. Question
Over the years, city governments have made _____________ a priority to allow people of all income levels to live in the city.
- Affordable Housing
- Rent control
- Rent stabilization
- Building permit
- None of the above
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Question 4 of 10

4. Question
What is the difference between rent control and rent stabilization
- There is no difference
- In rent control, the local government sets the cap and sets any increases.
- In rent stabilization, the property owner is allowed to make increases.
- Rent stabilization is more common now than rent control.
- Both B & C
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Question 5 of 10

5. Question
What permit must a person/company apply for before starting a building project?
- Rental Assistance
- Zoning Permit
- Building Permit
- Code Permit
- None of the above
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Question 6 of 10

6. Question
Who enforces building codes?
- Local Police
- Code Enforcement
- The Department of Housing and Urban Development
- City Council
- None of the above
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Question 7 of 10

7. Question
To encourage development, some local governments might offer a developer ______&_______ to alleviate some costs related to development.
- Tax Breaks/ Subsidies: Tax Breaks and Subsidies are given in many ways to encourage development that may otherwise be too expensive and not cost effective.
- Workers/Contractors
- Equipment/The lot of land
- None of the Above
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Question 8 of 10

8. Question
Which statement is False?
- The millage rate sets the amount at which the property tax is paid
- The property tax one pays is based on the millage rate
- If a property value is set at $100,000, and the millage rate is 10, then for every $1000 in property value, the property owner will pay $5. In this example, the property owner will owe $50 dollars in property taxes.
- The millage rate itself is the rate imposed per $1000 in property value.
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Question 9 of 10

9. Question
Who is the Real Estate Transfer Tax paid by?
- the seller
- the buyer
- the local government
- the real estate investor
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Question 10 of 10

10. Question
Which is a true statement?
- Eminent domain is a process that runs smoothly and everyone is at ease with the decision
- Eminent Domain involves private corporations purchasing property from local governments
- Eminent domain petitions the local government to purchase the property from locals living in a certain development.
- Eminent domain is uncontroversial in that it’s seen as a locals trying to protest the local government’s decision to push out the “little guy”
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