IAAO 101; Questions & Answers 100 Solved
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 pr...
____________ is the physical land and everything permanently attached to it.
✔✔real estate
Which of the following is a governmental restriction to the "bundle of rights"?
✔✔eminent
domain
Which of the following is a basic right associated with the ownership of
property? ✔✔A. to use
B. to lease or rent
C. to enter or leave
D. All of the above
In order for a property to have value, it must have utility, scarcity, desirability,
and effective
purchasing power. the economic forces that determine scarcity
are_________________.
✔✔supply and demand
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