Iaao 101 chapter four - Study guides, Class notes & Summaries

IAAO 101 CHAPTER FOUR

IAAO 101-Chapter 1 Review, latest updated 2023 Ad valorem Property tax is based on value Discovery, listing, valuation Responsibilities of the assessor Situs Taxable location of personal property Appraisal An estimate of value, usually in writing, of an adequately described property, as of a given date Tax rate Divide the budget by total assessed value Market value Type of value usually estimated by the assessor Effective tax rate The ratio betwe...

IAAO 101-Chapter 1 Review questions and answers 2023 Ad valorem Property tax is based on value Discovery, listing, valuation Responsibilities of the assessor Situs Taxable location of personal property Appraisal An estimate of value, usually in writing, of an adequately described property, as of a given date Tax rate Divide the budget by total assessed value Market value Type of value usually estimated by the assessor Effective tax rate The ratio...