Iaao 101 quizzes - Study guides, Class notes & Summaries

IAAO 101 - Quizzes 2023 with complete solution

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=$175,000; assessment level=20 percent; tax rate=92.8 mill...

IAAO 101 – Quizzes And Ans 2023

IAAO 101 QUIZZES & ANS 2023

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 onsite 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=$175,000; assessment level=20 percent; tax rate=92.8 mills. C...

IAAO 101 – Quizzes 100% Correct

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 residence: Actual value=$175,000; assessment level...