A property assessment system organizes resources to carry out the primary
assessment responsibilities of , , and properties, in accordance with property tax
laws and regulations. - answersDiscovery, Listing, and Valuing
Name the 14 Attributes of an Effective Assessment System - answersLegal,
Ra...
A property assessment system organizes resources to carry out the primary
assessment responsibilities of , , and properties, in accordance with property tax
laws and regulations. - answers✔✔Discovery, Listing, and Valuing
Name the 14 Attributes of an Effective Assessment System - answers✔✔Legal,
Ratio Studies, Adequate Budget, Competent Staff/Effective Training Program,
Effective Internal Controls, Organizational Plan, Standards of Practice, Monitoring
Activities, Security Procedures, Complete Maps and Property Data, Accurate Market
Data, Information Systems, Effective Valuation techniques, and Active Public
Relations Program
What must sellers disclose to assessor upon sale of property - answers✔✔Sales
price, rents, and operating expenses
What must assessor disclose to Taxpayers - answers✔✔Increases in tax levies
Who uses Ratio Studies and why - answers✔✔Oversight agencies to determine
compliance with laws and regulations; also used for internal quality control
Budget - answers✔✔An expression of political support for accurate and equitable
assessments.
Planning and Quality Assurance - answers✔✔What are the two categories under
Effective Internal Controls
Planning - answers✔✔Setting realistic and specific goals to assure laws and
regulations are met.
Quality Assurance - answers✔✔A continuous process of testing work products and
flows to assure that the plan is executed and ensure compliance with laws and
regulations.
What are the three goals of the Organizational Plan? - answers✔✔The allocation of
staff time and responsibilities
The allocation of staff duties
To avoid duplication of work
Standards of Practice - answers✔✔A product of the laws, regulations, and
guidelines, and provide the procedures for accomplishing various tasks.
Monitoring - answers✔✔Reviews of progress and performance
What do we monitor - answers✔✔Quality of assessments, editing data, reviewing
appraisals, and reporting time and productivity.
T/F - answers✔✔An audit trail is available for any change made to the data base.
What format does a efficient property assessment system have - answers✔✔GIS
Geographic Information System
Arms-Length - answers✔✔Sales with knowledgeable and willing byers and sellers,
under no duress, with reasonable time on the open market with cash or equivalent
value.
Models - answers✔✔These are used to predict the values of the parcels in the
jurisdiction
Why have public relations program - answers✔✔This assists the public in
understanding the assessor's job and relays the importance of property taxation.
Appraised Values - answers✔✔The basis for assessed values and determines the
distribution of property tax levies among taxpayers
Plan, Budget, Organize, Lead, and Control - answers✔✔The assessor's sworn duty
to see that appraised values in their jurisdiction meet the requirements of the law
which requires the assessor to :
Historical Data - answers✔✔There is great value in looking at
System School of Management - answers✔✔This is premised on a set of
interrelated parts that work together to achieve stated goals or objectives. It has
various subsystems that must perform certain tasks to ensure the completion of the
end product. Dependent on each other to being successful.
Division of Labor - answers✔✔The assignment of various portions of a particular
task among a number of members of the organization.
Classical Theory of Management - answers✔✔This was primarily an authoritarian
approach, with top-down decision making
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