Exam (elaborations)
IAAO 101 LATEST EXAM Version 2 (Questions With Correct Answers) Guaranteed Pass 100%
- Course
- Institution
IAAO 101 LATEST EXAM Version 2 (Questions With Correct Answers) Guaranteed Pass 100%
[Show more]
Content preview
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TOPMARKSOLUTIONS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.59. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now