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IAAO 400 New /88 Questions And Answers Graded (A+) DOWNLOAD TO PASS!!!
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IAAO 400 New 2023-2024 /88 Questions And AnswersGraded (A+) DOWNLOAD TO PASS!!!
Quiz :A property assessment system organizes resources to carry out the primary
assessment responsibilities of , , and properties, in accordance with property tax
laws and regulations. - Answer :Discovery, Listing, and Valuing
Quiz :Name the 14 Attributes of an Effective Assessment System - Answer :Legal,
Ratio Studies, Adequate Budget, Competent Staff/Effective Training Program,
Effective Internal Controls, Organizational Plan, Standards of Practice, Monitoring
Activities, Security Procedures, Complete Maps and Property Data, Accurate
Market Data, Information Systems, Effective Valuation techniques, and Active
Public Relations Program
Quiz :What must sellers disclose to assessor upon sale of property -
Answer :Sales price, rents, and operating expenses
Quiz :What must assessor disclose to Taxpayers - Answer :Increases in tax levies
Quiz :Who uses Ratio Studies and why - Answer :Oversight agencies to
determine compliance with laws and regulations; also used for internal quality
control
Quiz :Budget - Answer :An expression of political support for accurate and
equitable assessments.
Quiz :Planning and Quality Assurance - Answer :What are the two categories
under Effective Internal Controls
Quiz :Planning - Answer :Setting realistic and specific goals to assure laws and
regulations are met.
Quiz :Quality Assurance - Answer :A continuous process of testing work products
and flows to assure that the plan is executed and ensure compliance with laws
and regulations.
, Quiz :What are the three goals of the Organizational Plan? - Answer :The
allocation of staff time and responsibilities
The allocation of staff duties
To avoid duplication of work
Quiz :Standards of Practice - Answer :A product of the laws, regulations, and
guidelines, and provide the procedures for accomplishing various tasks.
Quiz :Monitoring - Answer :Reviews of progress and performance
Quiz :What do we monitor - Answer :Quality of assessments, editing data,
reviewing appraisals, and reporting time and productivity.
Quiz :T/F - Answer :An audit trail is available for any change made to the data
base.
Quiz :What format does a efficient property assessment system have -
Answer :GIS
Geographic Information System
Quiz :Arms-Length - Answer :Sales with knowledgeable and willing byers and
sellers, under no duress, with reasonable time on the open market with cash or
equivalent value.
Quiz :Models - Answer :These are used to predict the values of the parcels in the
jurisdiction
Quiz :Why have public relations program - Answer :This assists the public in
understanding the assessor's job and relays the importance of property taxation.
Quiz :Appraised Values - Answer :The basis for assessed values and determines
the distribution of property tax levies among taxpayers
Quiz :Plan, Budget, Organize, Lead, and Control - Answer :The assessor's sworn
duty to see that appraised values in their jurisdiction meet the requirements of
the law which requires the assessor to :
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