Iaao 101 quiz 2 - Study guides, Class notes & Summaries
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IAAO 101 QUIZ 100% correct
- Exam (elaborations) • 4 pages • 2023
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IAAO 101 QUIZ 100% correct 
THE BASIC RESPONSIBLITIES OF THE ASSESSOR ARE TO ________________________________ALL TAXABLE PROPERTY 
LIST 
VALUE 
DISCOVER 
 
 
 
ONE OF THE STEPS AN ASSESSOR MUST TAKE IN THE DISCOVERY OF PROPERTY IS 
PERIODIC ON-SITE INSPECTIONS 
 
 
 
A PROPERTY TAX IS A/AN ____________________________TAX, MEANING IT IS BASED ON VALUE 
AD VALOREM 
 
 
 
ASSUME THE FOLLOWING CHARACTERISTICS FOR A SINGLE FAMILY RESIDENCE: 
ACTUAL VALUE = $175,000 
ASSESSMENT LEVEL = 20% 
TAX RATE ...
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