California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

Practice this question and more.

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.