Which of the Following Is Not a Reason Why Assessed

question 18

Multiple Choice

Which of the following is not a reason why assessed value for a parcel of real property might not equal estimated current market value?

• A) The assessor made a mistake.
• B) The tax law does not define assessed value in terms of market value.
• C) The state uses a mass cyclical assessment system and the assessment year is not this year.
• D) None of the above-all are reasons.

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Definitions:

Psychiatric Hospitals

Healthcare facilities specializing in the treatment of serious mental disorders, such as schizophrenia or bipolar disorder.

Axonal Degeneration

Axonal degeneration is a process where the axon, the long slender projection of a nerve cell, deteriorates which can lead to various neurological disorders.

Psychogenic Disorder

A disorder with psychological origins, where mental factors play a significant role in developing or causing physical symptoms.

Somatogenic Disorder

A mental disorder that is believed to have a physical, biological basis or cause.