California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Which type of property is NOT exempt from taxation?

A water treatment plant owned by Town A within the jurisdiction of Town B
A church
A public school
A public park

The correct answer is: A water treatment plant owned by Town A within the jurisdiction of Town B

A water treatment plant owned by Town A within the jurisdiction of Town B is not exempt from taxation because it is not within the jurisdiction of the owning town and therefore not considered to be a public property in that town. Option B, a church, is exempt from taxation because of its religious affiliation and status as a non-profit organization. Option C, a public school, is exempt from taxation because it provides education and benefits to the community as a whole. Option D, a public park, is exempt from taxation because it is considered a public property and provides recreational and community benefits.