Iaao - Study guides, Class notes & Summaries

IAAO 102 Questions and Answers Already Graded A Anticipation Value is created by the expectation of benefits to be derived in the future Substitution the prices, rents, and rates of return of property tend to be set by the current prices, rents and rates of return for equally desire able substitute properties. Contribution the value of a component of real estate can be measured by the amount it contributes to net operating income because net operating income can be capitalized into value. Mar...

TEST REVIEW IAAO 311|SOLVED&UPDATED|DOWNLOAD TO PASS

Which of the following is an attribute of an effective assessment system? - ANSWER-An appropriate legal framework. A competent staff and an effective training program. Complete maps and property data All of the above The ______________________ principle states that authority and responsibility should flow vertically from the highest level to the lowest level, following what is commonly called "the chain of command." - ANSWER-Scalar As an organization grows, various portions of a par...

IAAO Course 300 Exam Study Guide with complete solution

IAAO 101 Quiz with complete solutions- Latest 2023/2024 The basic responsibilities of the assessor are to _________ all taxable property. - 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: - conduct periodic on-site inspections of properties The property tax is a/an _________________ tax, meaning it is based on value. - ad valorem Assume the following characteristics for a single-family residence: Actual value...

IAAO 101 – Quizzes/50 Questions and Answers

Anticipation - CORRECT ANSWER ️ Value is created by the expectation of benefits to be derived in the future Substitution - CORRECT ANSWER ️ the prices, rents, and rates of return of property tend to be set by the current prices, rents and rates of return for equally desire able substitute properties.

IAAO 102 EXAM 2024 NEWEST 2 VERSIONS FROM ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT) |ALREADY GRADED A+