Colorado Land Surveyor Practice Exam

What does the term "property tax assessment roll" refer to?

1. A record of public land use

2. A list of property owners and their respective titles

3. A record of property values for taxation purposes

4. A registry of abandoned parcels

The correct answer is: A record of property values for taxation purposes

The term "property tax assessment roll" specifically refers to a record of property values for taxation purposes. It is a comprehensive list compiled by local government taxing authorities that details the assessed values of all properties within a jurisdiction. This roll is essential for determining how much tax each property owner must pay based on the value of their property. When properties are assessed, factors such as location, size, improvements, and market conditions are considered to arrive at a fair market value. This value directly influences the amount of property tax levied, as taxes are typically calculated as a percentage of that assessed value. Such a roll is crucial for local government budgeting, ensuring adequate funding for public services like schools, infrastructure, and public safety. The other options, while they pertain to aspect of property and land management, do not accurately define the assessment roll. Public land use records, property ownership titles, and registries of abandoned parcels serve different functions and are governed by different laws and practices within the realm of property management and taxation.