Exam (elaborations)
IAAO Course 101 Review Questions with Verified Answers(2023/24) A+
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- Institution
Tax Rate (def.) Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) Tax revenue (amount) / Assessed value Property Tax (formula) Subject assessed value / Tax rate Budget Revenue (formula) Total budget - Other taxes Effective Tax Rate (def.) Re...
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