IAAO 300 CHAPTER 2 REVIEW QUESTIONS AND ANSWERS WITH SOLUTIONS 2025
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Course
IAAO 201
Institution
IAAO 201
The three components of a Property Tax System are the ___________, _________________, and ________________. - ANSWER Assessment
Appeal
Collection
_________ systems update master files directly from computer work stations and edits are built into data entry software. - ANSWER On-line
A ____...
IAAO 300 CHAPTER 2 REVIEW
QUESTIONS AND ANSWERS WITH
SOLUTIONS 2025
The three components of a Property Tax System are the ___________, _________________, and
________________. - ANSWER Assessment
Appeal
Collection
_________ systems update master files directly from computer work stations and edits are built into
data entry software. - ANSWER On-line
A __________ should be conducted to measure and evaluate the accuracy and uniformity of new values.
- ANSWER ratio study
The receipt of payments and distribution of funds is part of the ___________ system. - ANSWER
collection
The four components of the mass appraisal system are: - ANSWER Data collection and maintenance
Exploratory data analysis
Model development
Model application review and reconciliation
Analysis of available _____________ such as personnel, maps and data base are critical before
conducting a reappraisal. - ANSWER resources
Sales data, cost data, and income data are components of the _________ ________ portion of Data
Collection & Maintenance. - ANSWER market data
Many times a __________ decision must be made because of statutes or administrative rules. - ANSWER
reappraisal
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