Iaao 101 2024 - Study guides, Class notes & Summaries

IAAO 101 - Review Questions and verified answers latest 2023/2024 complete solution

Ownership of a property is the right to - CORRECT ANSWER Sell Lease or rent Use Give away Enter or leave Refuse to do any of the above Factors that influence DEMAND - CORRECT ANSWER Consumers taste and preference Consumer income Price of related commodities Consumer expectations The price of the commodity Factors that influence/effect land value - CORRECT ANSWER Physical Economic Governmental Social Basic responsibilities of an appraiser to all taxable - CORRECT ANSWER Discove...

ad valorem - CORRECT ANSWER According to Value The basic responsibilities of an Appraiser to all taxable property. - CORRECT ANSWER 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - CORRECT ANSWER Situs The type of value usually estimated by an Appraiser is the - CORRECT ANSWER Market Value The effective tax rate reflects the ratio between what - CORRECT ANSWER The current tax bill and the property value Assessment level times...

Ownership of a property is the right to - CORRECT ANSWER Sell Lease or rent Use Give away Enter or leave Refuse to do any of the above Factors that influence DEMAND - CORRECT ANSWER Consumers taste and preference Consumer income Price of related commodities Consumer expectations The price of the commodity Factors that influence/effect land value - CORRECT ANSWER Physical Economic Governmental Social Basic responsibilities of an appraiser to all taxable - CO...

IAAO 101 2024 Exam Review with Correct Solutions Tax Rate (def.) - Answer -Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) - Answer -Tax revenue (amount) / Assessed value Property Tax (formula) - Answer -Subject assessed value / Tax rate Budget Revenue (formula) - Answer -Total budget - Other taxes Effective Tax Rate (def.) - Answer -Reflects the relationship between total property taxes on real property and the property's market value. E...

ad valorem - CORRECT ANSWER According to Value The basic responsibilities of an Appraiser to all taxable property. - CORRECT ANSWER 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - CORRECT ANSWER Situs The type of value usually estimated by an Appraiser is the - CORRECT ANSWER Market Value The effective tax rate reflects the ratio between what - CORRECT ANSWER The current tax bill and the property value ...

IAAO 101 Quiz with complete solutions- Latest 2023/2024 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...

IAAO 101 2024 QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ ad valorem - CORRECT ANSWER According to Value The basic responsibilities of an Appraiser to all taxable property. - CORRECT ANSWER 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - CORRECT ANSWER Situs The type of value usually estimated by an Appraiser is the - CORRECT ANSWER Market Value The effective tax rate reflects the ratio between what - CORRECT ANSWER The cu...

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