Iaao 101 quiz - Study guides, Class notes & Summaries

IAAO 101 QUIZ 2023-2024|SOLVED&UPDATED|DOWNLOAD TO PASS

IAAO 101 Quiz Questions and complete solutions The basic responsibilities of the assessor are to ___________________ all taxable property One of the steps an assessor must take in the discovery of property is to The property tax is a/an _____________________ tax, meaning it is based on value. If a tax rate is $13.30 per $100, the decimal equivalent would be Actual value = $175,000; assessment level = 20 percent; tax rate= 92.8 mills. Calculate the property tax for the residence ______...

IAAO 101 Quiz 100% accurate 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 = $175,000...

AAO 101 QUIZ QUESTIONS AND CORRECT ANSWERS THE BASIC RESPONSIBLITIES OF THE ASSESSOR ARE TO ________________________________ALL TAXABLE PROPERTY ONE OF THE STEPS AN ASSESSOR MUST TAKE IN THE DISCOVERY OF PROPERTY IS A PROPERTY TAX IS A/AN ____________________________TAX, MEANING IT IS BASED ON VALUE ASSUME THE FOLLOWING CHARACTERISTICS FOR A SINGLE FAMILY RESIDENCE: ACTUAL VALUE = $175,000 ASSESSMENT LEVEL = 20% TAX RATE = 92.8 MILLS CALCULATE THE PROPERTY TAX FOR THE RESIDENCE ...

IAAO 101 Quiz (2023_2024) With Complete Solution

The basic responsibilities of the assessor are to ___________________ all taxable property correct answers Discover, List, and Value 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 If a tax rate is $13.30 per $100, the decimal equivalent would be correct answers 0.1330 Actual value = $...

IAAO 101 QUIZ 100% correct THE BASIC RESPONSIBLITIES OF THE ASSESSOR ARE TO ________________________________ALL TAXABLE PROPERTY LIST VALUE DISCOVER ONE OF THE STEPS AN ASSESSOR MUST TAKE IN THE DISCOVERY OF PROPERTY IS PERIODIC ON-SITE INSPECTIONS A 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% TAX RATE ...

IAAO 101 Quizzes And Answers 2023

IAAO 101 QUIZZES & ANS 2023

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