Iaao 101 questions - Study guides, Class notes & Summaries

IAAO 101 LATEST EXAM Version 2 (Questions With Correct Answers) Guaranteed Pass 100%

IAAO 101 - Review Questions with Certified Solutions 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 ___ ___________. an appraisal A jurisd...

IAAO 101 – QUESTIONS & VERIFIED ANSWERS

IAAO 101 Exam Questions With Correct Answers Latest Updaed 2024/2025 (GRADED) ad valorem - Answer- According to Value The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - Answer- Situs The type of value usually estimated by an Appraiser is the - Answer- Market Value The effective tax rate reflects the ratio between what - Answer- The current tax bill and the pr...

IAAO Course 101 Review Questions with Verified Answers 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 Rate (formula) Assessment rati...

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IAAO 101 – Questions & Solutions (Guaranteed Pass!)

IAAO 101 - Quizzes | Questions with 100% Correct Answers | Verified | Updated 2024

IAAO 101 QUESTIONS AND ANSWERS (100% CORRECT)