California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

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Which type of property is NOT exempt from taxation?

  1. A water treatment plant owned by Town A within the jurisdiction of Town B

  2. A church

  3. A public school

  4. 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.

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