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IAAO 101 EXAM QUIZES WITH COMPLETE SOLUTIONS 2023/2024 GRADED A+. $10.39   Add to cart
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IAAO 101 EXAM QUIZES WITH COMPLETE SOLUTIONS 2023/2024 GRADED A+.

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IAAO 101 EXAM QUIZES WITH COMPLETE SOLUTIONS 2023/2024 GRADED A+. 2 / 4 1. The basic responsibilities of the assessor are to all taxable property.: A. List B. Value C. Discover D. All of the Above 2. One of the steps an assessor must take in the discovery of property isto:: conduct periodic on-site...

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  • September 14, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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IAAO 101 EXAM QUIZES WITH COMPLETE
SOLUTIONS 2023/2024 GRADED A+.

, IAAO 101 EXAM QUIZES WITH COMPLETE
SOLUTIONS 2023/2024 GRADED A+.



ad valorem - ANSWER According to Value

The basic responsibilities of an Appraiser to all taxable property. - ANSWER 1.
Discovery

2. Listing

3. Valuation

The taxable location of personal property is referred to as its' - ANSWER Situs

The type of value usually estimated by an Appraiser is the - ANSWER Market
Value

The effective tax rate reflects the ratio between what - ANSWER The current tax
bill and the property value

Assessment level times the tax rate equals - ANSWER The effective tax rate

divided by the assessed value equals the tax rate. - ANSWER Budget

is the physical land and everything permanently attached to it. -
ANSWER Real Estate

Property tax is an . - ANSWER ad valorem tax

How do you calculate the Assessment Ratio of a property? - ANSWER Assessed
Value ÷ Market Value

How do you calculate the Tax rate (%) ? - ANSWER Budgeted Revenue (Minus any
other revenue sources) ÷ Total Assessed Value of all property

How do you calculate the Property Tax bill? - ANSWER Tax rate X Assessed value
of Property

Fractional Assessment - ANSWER An assessed value not statutorily at 100% of
market value

The six basic rights associated with property are: - ANSWER SLUGER

1. Sell

2. Lease

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