Iaao 101 chapter 1 2 - Study guides, Class notes & Summaries

Cadastral map - Answer- an accurate set of assessment maps . is the major tool for locating and identifying taxable property assessed value - Answer- property taxis based on taxable value How tax rates are expressed - Answer- $65.00/$1000 = .065 72 mills = .072 $8.00/$100= . 08 62.5 mills= .0625

IAAO 101- CHAPTER 1-2 EXAM ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |AGRADE

Highlighted IAAO 101- chapter 1-2 questions with correct answers

Cadastral map CORRECT ANSWER an accurate set of assessment maps . is the major tool for locating and identifying taxable property assessed value CORRECT ANSWER property taxis based on taxable value How tax rates are expressed CORRECT ANSWER $65.00/$1000 = .065 72 mills = .072 $8.00/$100= . 08 62.5 mills= .0625 what is the amount of property tax for subject? CORRECT ANSWER tax rate X assessed value market value X assessment ratio CORRECT ANSWER assessed value tax rate X assessed...

Cadastral map - Answer- an accurate set of assessment maps . is the major tool for locating and identifying taxable property assessed value - Answer- property taxis based on taxable value How tax rates are expressed - Answer- $65.00/$1000 = .065 72 mills = .072 $8.00/$100= . 08 62.5 mills= .0625 what is the amount of property tax for subject? - Answer- tax rate X assessed value market value X assessment ratio - Answer- assessed value tax rate X assessed value = - Answer- taxes ...