Improved land - Study guides, Class notes & Summaries

The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery listing valuation The taxable location of personal property is referred to as its __________. - Answer- situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal A jurisdiction's...

Basic Appraisal Procedures Exam Questions and Answers 2024/2025 (100% Correct) Valuation process A systematic procedure used in the valuation of real property. Client The party or parties who engage, by employment or contract, an appraiser in a specific assignment. Steps in Defining the problem Identification and location of the real estate; Identification of the property rights; Definition of value; Purpose and intended use of the appraisal; Effective date of the opinion of value; Any s...

IAAO 101 Quiz| questions with complete answers The basic responsibilities of the assessor are to ___________________ all taxable property Discover, List, and Value One of the steps an assessor must take in the discovery of property is to Conduct periodic on-site inspections of properties The property tax is a/an _____________________ tax, meaning it is based on value. Ad Valorem If a tax rate is $13.30 per $100, the decimal equivalent would be 0.1330 Actual value...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

OCC UCE Exam Questions & Answers 2024/2025 Examiners should determine the root cause and decide whether to expand the loans sample if downgrades? - ANSWERSEqual: 5% of the # of credits reviewed or 3% of the dollar amount LEGAL LENDING LIMIT • Calculation of LLL is as of the most recent of what dates? (3) • Effective as of ? (2) - ANSWERS1) Last day of prior calendar quarter 2) When there is a change in the bank's capital category 3) OCC Requires a recalculation Earlier ...

ISA Municipal Arborist Study Guide Exam Final Complete Questions and Answers Biogenic volatile compounds - CORRECT ANSWER-Pollutants produced by trees, that can contribute to the formation of ozone and carbon monoxide UFORE - CORRECT ANSWER-Urban Forest Effects model - Systems that uses field data to provide information on the amount and value of atmospheric contaminant removal, carbon storage, and energy conservation. Uses real-time, standardized field data from randomly located p...

Hawaii Real Estate Exam Questions and Answers 100% Pass Chp. 1 History and Development of Hawaii Real Estate State Land Use Commission (LUC) classified all lands in the State into 4 land use districts - Correct Answer ️️ -1. Urban 2. Agricultural 3. Rural 4. Conservation Chp. 1 History and Development of Hawaii Real Estate 1. Urban Districts - Correct Answer ️️ -- Zoned into improved and unimproved residential, apartment, hotel and resort, industrial, and commercial - Lands in...

Valuation process - Answer-A systematic procedure used in the valuation of real property. Client - Answer-The party or parties who engage, by employment or contract, an appraiser in a specific assignment. Steps in Defining the problem - Answer-Identification and location of the real estate; Identification of the property rights; Definition of value; Purpose and intended use of the appraisal; Effective date of the opinion of value; Any special limiting conditions Real property - Answer-The ...

Which statement best describes the role of women in Pre-Columbian North American tribes? - ANSWER-In all tribes, women cared for the children and prepared meals The pre-Columbian North American peoples in the Pacific Northwest - ANSWER-Fished salmon as their principal occupation The origins of the majority of human existence in North America began - ANSWER-with migrations across an ancient land bridge over the Bering Strait. Prior to European contact, the eastern third of what is today ...

1. Principal of Balance - Answer-value is created and sustained where there is equilibrium 10. Principal of Substitution - Answer-a buyer will pay no more for a property than the cost of acquiring a similar and equally desirable property 11. Principal of Contribution - Answer-value of a property attribute relates to the value it adds to the overall value of the property. basis by which adjustments are made to the sale prices of comparable properties 12. Principal of Progression - Answer-pr...