100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
IAAO Workshop 852 AAS Case Study; Questions & Answers 100 Solved $13.99   Add to cart

Exam (elaborations)

IAAO Workshop 852 AAS Case Study; Questions & Answers 100 Solved

 7 views  0 purchase
  • Course
  • Iaao 101
  • Institution
  • Iaao 101

IAAO Workshop 852 AAS Case Study; Questions & Answers 100 Solved Leverage The borrowing of funds in hopes of earning a greater return than the cost of the borrowed funds list, value, discover The basic responsibilities of the assessor for all taxable property. Conduct periodic on-site ins...

[Show more]

Preview 3 out of 29  pages

  • August 25, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Iaao 101
  • Iaao 101
avatar-seller
TheeGrades
IAAO Workshop 852 AAS Case Study;
Questions & Answers 100 Solved
Leverage ✔✔The borrowing of funds in hopes of earning a greater return than
the cost of the

borrowed funds

list, value, discover ✔✔The basic responsibilities of the assessor for all taxable
property.

Conduct periodic on-site inspection of properties ✔✔One of the steps an
assessor must take in

the discovery of property

Ad Valorem ✔✔The property tax, meaning it is based on value.

Budget ✔✔Divided by the assessed value equals the tax rate

Effective tax rate ✔✔Assessment level times the tax rate equals the

Real property ✔✔Land and everything permanently attached to it

Eminent domain ✔✔Is a government restriction to the bundle of rights

To use, to lease or rent, to enter or leave ✔✔Basic rights associated with the
ownership of

property

Equilibrium ✔✔The point at which the forces of supply and demand meet

, IAAO Workshop 852 AAS Case Study;
Questions & Answers 100 Solved
Fee simple ✔✔ownership of all the rights of property, except those reserved by
the government

General data, specific data, comparative data ✔✔In the appraisal process, data
collection

requires the assessor to collect

Neighborhood ✔✔An area of complementary land uses in which all properties
are similarly

influenced by the 4 forces affecting value.

Consumer expectations ✔✔Element of the marketplace that is likely to
contribute to a change in

demand

Entrepreneur expectations ✔✔Element of the marketplace that is likely to
contribute to a change

in supply

Market area ✔✔The primary sort in analyzing land sales in stratification

Stratification ✔✔The 1st step in analyzing land sales

Change ✔✔The principle that market value is determined by such factors as
zoning, rent

controls, interest rates, etc.

, IAAO Workshop 852 AAS Case Study;
Questions & Answers 100 Solved
Front foot ✔✔unit would be good to use when pedestrian access is important

ANTICIPATED USE OR DEVELOPMENT METHOD ✔✔Land valuation method that

replicates the actions of subdividers or developers

Replacement cost ✔✔Cost of producing a building having same utility but using
modern

materials, design, and workmanship

Principle of contribution ✔✔Underlying principle in the adjustment process in
sales comparison

approach

Principle of substitution ✔✔A buyer will pay no more for a property than for a
comparable

property

Principle of change ✔✔States that market value is never constant because of
environmental,

governmental, social, and economic forces

Reproduction cost ✔✔The cost of building an exact replica of a building

When a property experiences functional obsolescence, it ✔✔Is usually the result
of diminished

utility within a building

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 TheeGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80461 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
$13.99
  • (0)
  Add to cart