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IAAO 101 Bundle

IAAO 101 Bundle

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IAAO 101 – Quizzes with correct answers

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The basic responsibilities of the assessor are to _________ all taxable property. CORRECT ANSWER 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: CORRECT ANSWER conduct periodic on-site inspections of properties Th...

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Highlighted IAAO 101- chapter 1-2 questions with correct answers

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Cadastral map CORRECT ANSWER an accurate set of assessment maps . is the major tool for locating and identifying taxable property assessed value CORRECT ANSWER property taxis based on taxable value How tax rates are expressed CORRECT ANSWER $65.00/$1000 = .065 72 mills = .072 $8.00/$100= . 0...

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IAAO 101 - Review Questions with Correct Answers

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The property tax is an ____ __________ tax, meaning it is based on value. CORRECT ANSWER ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. CORRECT ANSWER discovery listing valuation The taxable location of personal property is referred ...

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IAAO 101 questions with correct answers

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ad valorem CORRECT ANSWER According to Value The basic responsibilities of an Appraiser to all taxable property. CORRECT ANSWER 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' CORRECT ANSWER Situs The type of value usually estimated b...

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IAAO Course 101 Review questions with correct answers

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Tax Rate (def.) CORRECT ANSWER Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) CORRECT ANSWER Tax revenue (amount) / Assessed value Property Tax (formula) CORRECT ANSWER Subject assessed value / Tax rate Budget Revenue (formula) CORRECT ANSW...

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