Iaao 101 questions - Study guides, Class notes & Summaries

IAAO 101 - Review Questions with Certified Solutions The property tax is an ____ __________ tax, meaning it is based on value. ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. discovery listing valuation The taxable location of personal property is referred to as its __________. situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. an appraisal A jurisd...

Indirect methods of measuring depreciation - Answer- -Sales comparison (Market Extraction) -Capitalization of income method Financing - Answer- The first adjustment in the sales comparison approach is Sales Comparison Approach - Answer- A fundamental strength in this approach is that it reflects the actions of the marketplace as well as what by buyers & sellers are actually doing doing and paying. -Consumer tastes/preferences -Consumer income -Price of related commodities -Consumer ...

IAAO 101 – QUESTIONS & ANSWERS (100% ACCURATE)

IAAO 101 Quizzes – Questions With Solutions

IAAO 101 - Review Questions with 100% Correct Answers | Latest Update 2024 | Verified

IAAO 101 QUESTIONS AND ANSWERS (100% CORRECT)

IAAO 101 - Quizzes | Questions with 100% Correct Answers | Verified | Updated 2024

IAAO Course 101 Review Questions with Verified 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 (formula) Assessment rati...

iaao 101 Exam | Questions with 100% Correct Answers | Verified | Updated 2024