Which, If Any, of the Following Transactions Will Decrease a Taxing

question 22

Multiple Choice

Which, if any, of the following transactions will decrease a taxing jurisdiction's ad valorem tax revenue imposed on real estate?

• A) A tax holiday is granted to an out-of-state business that is searching for a new factory site.
• B) An abandoned church is converted to a restaurant.
• C) A public school is razed and turned into a city park.
• D) A local university sells a dormitory that will be converted for use as an apartment building.
• E) None of the above.

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Definitions:

Closing Sales

The final step in the sales process where agreements are finalized, and transactions are completed, securing the purchase.

Limited Warranty

A warranty that is restricted to certain parts, certain defects, or has a specified time limit.

Continuous-yes Close

The continuous-yes close is a sales technique where the salesperson asks a series of questions designed to elicit affirmative answers, leading to a positive response on the sale.

Labor Coverage

An insurance or warranty term that covers the cost of labor in the repair or replacement of covered items.