19. John and Mary hold property as joint t Which of the following now is true? J

Question

19. John and Mary hold property as joint t Which of the following now is true? John conveys one-half of his interest to his wife a. John and Mary b. are joint tenants and tenants in common with John's tenants wife his wife and Mary are all tenants in common John and his wife are tenants in the entirety and yont d. John, his wife and Mary are all joint tenants husband and theproernt temants and the wife conveys her interest to their a. joint tenants. b. tenants in common. c. tenants by the entirety d. tenants in severalty own adjacent lots. Sarah's lot has a appurtenant easement that allows her to Andrew's property. If Sarah sells the lot to someone else, the easement 21. Sarah and Andrew lots run a sewer line across a. reverts to Andrew. b. remains with Sarah. c. transfers to the new owner. d. is abandoned. What is the The market value for a house is S90,000 and the assessment ratio is 20 percent. amount of the real estate tax if the tax rate is $5 per $100 of assessed value? 22. a. $75 b. $900 c. $1,800 d. $9,000 The type of easement that results from a landowner's rights of ingress and egress to and from his or her land is an 23. a. easement by prescription. b. easement by necessity c. easement in gross. d. adverse easement. 24. What type of liens are real estate ad valorem and special assessment taxes? a. Specific and involuntary b. General and voluntary c. Specific and voluntary d. General and involuntary

Explanation / Answer

Please post 1 question per post, as per forum rules.

MV of house = $90,000

Assenssment ratio = 20%

Amount of real estate tax rate ( at $5 per $100 assessed value) = ?

Assessed value of house = .20*$90000 = $18,000

So, tax rate = 18000*(5/100) = $900

Hence, b is correct

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