100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
IAAO 101 EXAM TEST WITH VERIFIED ANSWERS $9.59   Add to cart
Quickly navigate to
Preview
  2.  
  3. IAAO 101
  4.  
  5. IAAO 101

Exam (elaborations)

IAAO 101 EXAM TEST WITH VERIFIED ANSWERS
 0 view  0 purchase
  • Course
  • IAAO 101
  • Institution
  • IAAO 101

IAAO 101 EXAM TEST WITH VERIFIED ANSWERS 1. ad valorem According to Value 2. The basic responsi- bilities of an Apprais- er to all taxable prop- erty. 3. The taxable location of personal property is referred to as its' 4. The type of value usually estimated by an Appraiser is the 1. Dis...

[Show more]

Preview 2 out of 7  pages

Document information

  • August 3, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • iaao 101 exam test with verified answers

Written for

  • IAAO 101
  • IAAO 101

Seller

avatar-seller
MERCYTRISHIA

Reviews received

Content preview

IAAO 101 EXAM TEST WITH VERIFIED ANSWERS

1. ad valorem According to Value

2. The basic responsi- 1. Discovery
bilities of an Apprais- 2. Listing
er to all taxable prop- 3. Valuation
erty.

3. The taxable location Situs
of personal property
is referred to as its'

4. The type of value Market Value
usually estimated by
an Appraiser is the

5. The effective tax rate The current tax bill and the property value
reflects the ratio be-
tween what

6. Assessment level The effective tax rate
times the tax rate
equals

7. divided Budget
by the assessed val-
ue equals the tax
rate.

8. is the Real Estate
physical land and
everything perma-
nently attached to it.

9. Property tax is an ad valorem tax
.

10. How do you calcu- Assessed Value ÷ Market Value
late the Assessment
Ratio of a property?

1/7

, IAAO 101 EXAM TEST WITH VERIFIED ANSWERS
11. How do you calcu- Budgeted Revenue (Minus any other revenue
late the Tax rate (%) ? sources) ÷ Total Assessed Value of all property

12. How do you calcu- Tax rate X Assessed value of Property
late the Property Tax
bill?

13. Fractional Assess- An assessed value not statutorily at 100% of market
ment value

14. The six basic SLUGER
rights associated
with property are: 1. Sell
2. Lease
3. Use
4. Give away
5. Enter or Leave
6. Refuse to do any of the above

15. The four factors that PEGS
influence/effect land
values are: 1. Physical (Environmental)
2. Economic
3. Governmental
4. Social

16. consists Personal Property
of movable items not
permanently affixed
to, or part of the real
estate

17. The four Govern- TEPE
mental restrictions
on property owner- 1. Taxation
ship: 2. Eminent domain
3. Police power
4. Escheat

18.18.
2/7

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MERCYTRISHIA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.59. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.59
  • (0)
  Add to cart