Iaao 101 2023 - Study guides, Class notes & Summaries

IAAO 101 - Review Questions with Complete Solutions 2023

IAAO 101 EXAM QUIZES WITH COMPLETE SOLUTIONS 2023/2024 GRADED A+. 2 / 4 1. The basic responsibilities of the assessor are to all taxable property.: A. List B. Value C. Discover D. All of the Above 2. One of the steps an assessor must take in the discovery of property isto:: conduct periodic on-site inspections of properties 3. The property tax is a/an tax, meaning it is based onvalue.: ad valorem 4. Assume the following characteristics for a single-family residence: Actual value=$175,000; assess...

IAAO 101 – Quizzes With Answers @ 2023...

IAAO 101 - Quizzes 2023 with complete solution

IAAO 101 Complete Study Guide with Verified Solutions | Latest 2023/2024 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.) - Reflects the relationship between total property taxes on real property and the property's market value. Effective Tax Ra...

IAAO 101 - Review Questions & Answers | Latest 2023/2024 (Already Graded A+) The property tax is an ____ __________ tax, meaning it is based on value. - ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - discovery listing valuation The taxable location of personal property is referred to as its __________. - situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ _____...

IAAO 101 Chapter 3 Review Questions and Answers/2023/A+ Graded

IAAO Course 101; Chapter 3 Workbook with complete solution 2023/2024

IAAO Course 101 Review questions and answers 2023 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.) Reflects the relationship between total property taxes on real property and the property's market value. Effective Tax Ra...