Governmental Powers Quiz Attempt #3

Governmental Powers Quiz Attempt #3

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*Governmental Powers Quiz #4*
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*Estates in Land*

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Question 1 of 9

1. Question
In Georgia, which one is correct regarding the gross receipts tax imposed by some local jurisdictions?:
- Real estate companies are exempt from gross receipts taxes.
- The tax can be imposed on any transaction in which a party of the transaction resided in the jurisdiction.
- The tax is due only on transactions that occur within the jurisdiction.
- The tax can be imposed on every transaction closed by a company that has an office in the jurisdiction.
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Question 2 of 9

2. Question
In Georgia, properties are assessed for tax purposes at:
- 75% of market value
- 25% of market value
- 40% of market value
- determined by assessor
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Question 3 of 9

3. Question
Impact fees are:
- charges by the Department of Transportation to offset the damage construction equipment will do to the roads
- charges to support the work of the local planning departments
- fees charged by the police to provide extra job security to job sites
- fees charged by local jurisdiction to pay for new schools and utilities arising from projected increases in the local population
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Question 4 of 9

4. Question
A right-of-way giving someone besides the owner access to a property
- egress
- ingress
- easement
- none of the above
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Question 5 of 9

5. Question
Homeowners get taxed on this category of tax:
- personal property tax
- luxury tax
- sales tax
- real property tax
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Question 6 of 9

6. Question
Under its police powers, a municipality may regulate all of the following about housing in a development and which of the following is untrue?
- building heights
- lot sizes
- restrictive covenants
- type of structure
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Question 7 of 9

7. Question
An ____________ allows someone to purchase a property on their own but will still have to pay the buyers agent.
- Exclusive-agency buyer agency contract
- Designated buyer agency contract
- open buyer-agency contract
- Exclusive- right-to-buy buyer agency contract
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Question 8 of 9

8. Question
At what percent are properties assessed in Georgia for tax purposes?
- 40% of market value
- 30% of market value
- Market value
- 15% of market value
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Question 9 of 9

9. Question
If an improvement intrudes on another’s property, it is referred to as what?
- Encroachment
- Illegal construct and encroachment
- Improvements that intrude
- Illegal construct
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