Iaao coure 402 - Study guides, Class notes & Summaries
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IAAO Coure 402 Quiz #2: Chapters 5-6 Questions and Answers
- Exam (elaborations) • 4 pages • 2023
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When overall property tax revenue doubles after a reappraisal: 
 
A. Effective budget caps are being used 
B. The reappraisal is to blame 
C. A rate driven system is most likely in place 
D. A budget driven system is most likely in place - Answer- C 
 
Tax system that incorporate extra amounts of public notice when there are tax increases are known as: 
 
A. Budget driven 
B. Truth in taxation 
C. Rate driven 
D. Informative - Answer- B 
 
A key advantage to using current market value as the bas...
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