Iaao 101 exam questions - Study guides, Class notes & Summaries

IAAO 101 Exam Review Questions With 100% Correct And Verified Answers 2024

iaao 101 Exam Questions with correct Answers The property tax is an ____ __________ tax, meaning it is based on value. - Correct answer ad valorem" "The assessor is responsible for the _______, ________, and __________ of all taxable property. - Correct answer discovery listing valuation" "The taxable location of personal property is referred to as its __________. - Correct answer situs" "An estimate of value, usually in writing, of an adequately described property, as of a...

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

IAAO 101 EXAM QUESTIONS AND ANSWERS 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 property value Assessment level...

IAAO 101 Exam Questions With Verified Answers The basic responsibilities of the assessor are to _________ all taxable property. Answer: A. List B. Value C. Discover D. All of the Above One of the steps an assessor must take in the discovery of property is to: Answer: conduct periodic on-site inspections of properties The property tax is a/an _________________ tax, meaning it is based on value. Answer: ad valorem Assume the following characteristics for a single-family residen...

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