O´CONNOR PHILLIPPINES QUIZ #1

Explain with your own words why property owners should protest their property taxes? Please mention at least 5 reasons why they should protest.

Whats the name of the document clients should sign to accept our contingency fee?

• Binding Arbitration Form

• Appointment of Agent

• Customer Service Agreement

• Property Survey Form

• I-Settle Document

Property Owners can protest their taxes after May 16th.

• True

• False

ARB (Appraisal Review Board) is:

• A 3 member board that estimates the appraised value for the property

• Org that compiles & conducts the mass appraisal & determine market values.

• A 3 member board conducts the hearings not solved in informal hearings

• A 3 member board who determines the deadline to protest taxes.

• None of the Above

Which of the following counties are not considered in O'Connor main 13 counties we support our services to:

• Brazoria

• Anderson

• Denton

• Collin

• None of the above

Which of the following reasons is NOT a reason why homeowners appeal and/or protest their taxes each year:

• They can do it by themselves

• They think their property value will decrease impacting the cost of selling their properties

• They dont know they have to pay property taxes

• A & B are correct

• All of the above

What is the difference between market value and appraised value?

Please mark which of the following properties we protest in O'Connor and Associates.

• Residential Properties

• Commercial Properties

• Non- Profit Companies

• Agricultural Properties

• Mobile Homes / Mobile Home Parks

Property Owners are contacted prior taking decissions whether to move from informal hearing to a formal hearing by O'Connor and Associates.

• True

• False

Which of the following are not binding arbitration characteristics.

• Property Value should be between $350K to $1.5M

• Takes minimum 6 months

• Property Owner should not have pending taxes

• Aproximate Fee is $750K