Iaao 101 - Study guides, Class notes & Summaries
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IAAO 101 – Quizzes; All solved correctly
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The basic responsibilities of the assessor are to _________ all taxable property. correct answers 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: correct answers conduct periodic on-site inspections of properties 
 
The property tax is a/an _________________ tax, meaning it is based on value. correct answers ad valorem 
 
Assume the following characteristics for a single-family residence: 
 
Actual value=$175,000...
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IAAO 101 Study Guide - Questions And Answers
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IAAO 101 Study Guide - Questions And Answers
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IAAO 101 QUIZ 2024 QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
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The basic responsibilities of the assessor are to ___________________ all taxable 
property - CORRECT ANSWER Discover, List, and Value 
One of the steps an assessor must take in the discovery of property is to - CORRECT 
ANSWER Conduct periodic on-site inspections of properties 
The property tax is a/an _____________________ tax, meaning it is based on value. - 
CORRECT ANSWER Ad Valorem 
If a tax rate is $13.30 per $100, the decimal equivalent would be - CORRECT 
ANSWER 0.1330 
Actual value...
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iaao 101 (actual exam)questions,answers 2024 – 2025
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iaao 101 (actual exam)questions,answers 2024 – 2025
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iaao 101 Exam | Questions with 100% Correct Answers | Verified | Updated 2024
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iaao 101 Exam | Questions with 100% Correct Answers | Verified | Updated 2024
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IAAO 101 – Quizzes Exam 2024
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IAAO 101 – Quizzes Exam 2024The 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 residenc...
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IAAO 101 - Quizzes | Questions with 100% Correct Answers | Verified | Updated 2024
- Exam (elaborations) • 12 pages • 2024
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IAAO 101 - Quizzes | Questions with 100% Correct Answers | Verified | Updated 2024
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IAAO 101 - Review Questions with Verified Answers
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IAAO 101 - Review Questions with Verified Answers 
1. The property tax is an tax, 
meaning it is based on value. 
ad valorem 
2. The assessor is responsible for the , discovery 
, and of all taxable 
property. 
3. The taxable location of personal property is 
referred to as its . 
4. An estimate of value, usually in writing, of an 
adequately described property, as of a given 
date, is termed . 
5. A jurisdiction's tax rate is determined 
by dividing the to be derived 
from property tax by the ...
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IAAO 101 - Review Questions
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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...
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IAAO 101 - Review Questions with Verified Answers Graded A+
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IAAO 101 - Review Questions with Verified Answers Graded A+ 
1. ad valorem 
2. discovery 
listing 
valuation 
3. situs 
4. an appraisal 
5. budget 
assessed valuation 
6. market 
7. effective tax rate 
8. utility 
scarcity 
The property tax is an tax, 
meaning it is based on value. 
The assessor is responsible for the , 
, and of all taxable prop- 
erty. 
The taxable location of personal property is re- 
ferred to as its . 
An estimat
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