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IAAO 101 LATEST EXAM Version 2 (Questions With Correct Answers) Guaranteed Pass 100%
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IAAO 101 LATEST EXAM Version 2 (Questions With Correct Answers) Guaranteed Pass 100%
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SCORE MOREIAAO 101 LATEST EXAM Version 2 (Questions
With Correct Answers) Guaranteed Pass 100%
The basic responsibilities of an Appraiser to all taxable property.
1. Discovery
2. Listing
3. Valuation
ad valorem
According to Value
The taxable location of personal property is referred to as its'
Situs
The type of value usually estimated by an Appraiser is the
Market Value
The effective tax rate reflects the ratio between what
The current tax bill and the property value
Assessment level times the tax rate equals
The effective tax rate
, SCORE MORE
_________ divided by the assessed value equals the tax rate.
Budget
_________ is the physical land and everything permanently attached to it.
Real Estate
Property tax is an _________.
ad valorem tax
How do you calculate the Assessment Ratio of a property?
Assessed Value ÷ Market Value
How do you calculate the Tax rate (%) ?
Budgeted Revenue (Minus any other revenue sources) ÷ Total Assessed Value of all property
How do you calculate the Property Tax bill?
Tax rate X Assessed value of Property
Fractional Assessment
An assessed value not statutorily at 100% of market value
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