Who is responsible for establishing property tax rates?

Who is responsible for establishing property tax rates?
 A) state tax departments
  B) local tax departments
  C) federal tax departments
  D) none of the above

Q. 2

Which type of car insurance covers damage or loss to a vehicle from fire, theft, vandalism, hail, and other causes?
 A) property damage
  B) bodily damage
  C) comprehensive damage
  D) collision

Q. 3

Which of the following is NOT a typical closing cost associated with the sale of a home?
 A) homeowners insurance premiums
  B) legal fees
  C) title insurance
  D) appraisal and inspection fees

Q. 4

Which of the following would be considered a financial advantage of renting a house or apartment?
 A) Renters receive no federal income tax benefits.
  B) Renters do not have the maintenance costs associated with home ownership.
  C) Renters do not build equity on the housing they rent.
  D) none of the above

Q. 5

Which of the following may be considered a financial advantage of renting a house or apartment?
 A) Renters do not have to pay a large down payment.
  B) Renters have more predictable housing costs.
  C) Renters do not have to worry about major unexpected housing expenses.
  D) all of the above

Q. 6

Property tax rates may be given as each of the following except
 A) a value per 100 of assessed value.
  B) mills per dollar of assessed value.
  C) cents per dollar of assessed value.
  D) dollars per cent of assessed value.