Iaao course 101 Study guides, Class notes & Summaries

IAAO Course 101 Review/98 Q and A

IAAO Course 101 Fundamentals of Real Property Appraisal

Tax Rate (def.) - Answer- Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) - Answer- Tax revenue (amount) / Assessed value Property Tax (formula) - Answer- Subject assessed value / Tax rate Budget Revenue (formula) - Answer- Total budget - Other taxes Effective Tax Rate (def.) - Answer- Reflects the relationship between total property taxes on real property and the property's market value. Effective Tax Rate (formula) - Answer- Ass...

Tax Rate (def.) - Answer- Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) - Answer- Tax revenue (amount) / Assessed value Property Tax (formula) - Answer- Subject assessed value / Tax rate Budget Revenue (formula) - Answer- Total budget - Other taxes Effective Tax Rate (def.) - Answer- Reflects the relationship between total property taxes on real property and the property's market value. Effective Tax Rate (formula) - Answer- Ass...

ad volorem - Answer- according to value 3 Responsibilities of an assessor - Answer- Discover List Value Important tools in the discover of property - Answer- Adequate mapping system Recorded information Periodic on-site inspection Different class identifications - Answer- Real Personal Exempt Utility Important elements in the listing of property - Answer- Legal description Street address Parcel identifier Property class Property use Property situs Physical attributes ...

IAAO Course 101/61 Questions and answers

IAAO Course 101 (Quiz #1 - Multiple Choice)Questions & Answers

Cadastral maps - Answer- Are also known as assessment maps, appraisal maps, ownership maps and tax maps Cadastral maps show - Answer- Boundaries of parcels, size and location of parcels relative to other properties, major physical features such as roads streams railroads, etc... Map scale - Answer- The relationship of linear distance on the map to linear distance on the ground CAD mapping system - Answer- Computer assisted drafting GIS mapping system - Answer- Geographic information ...

IAAO Course 101 Review, questions and 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 (...

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.