IAAO
Liberty University
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IAAO 101 EXAM QUIZES WITH COMPLETE SOLUTIONS 2023/2024 GRADED A+.
- Exam (elaborations) • 8 pages • 2024
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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 inspections of properties 3. The property tax is a/an tax, meaning it is based onvalue.: ad valorem 4. Assume the following characteristics for a single-family residence: Actual value=$175,000; assess...
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IAAO -COURSE 201 EXAM QUESTIONS AND CORRECT ANSWERS 2024/2025 GRADED A+.
- Exam (elaborations) • 6 pages • 2024
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EXAM QUESTIONS AND 
CORRECT ANSWERS 
2024/2025 GRADED A+. 
2 / 3 
1. Land: The surface of the earth and everything above and beneath it . 
2. Attributes ofLand: Permanent, Unique, Finite Supply, Functional and Stationary 
3. Characteristics of Land: Demand, Utility, Scarcity and Transferability 
4. Raw land: unimproved land in its natural state prior to grading, construction andsubdividing. 
5. Agricultural land: referred to as undeveloped land except when platted subdivi-sion 
6. Improved land:...
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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
- Exam (elaborations) • 9 pages • 2023
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- $10.49
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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 inspections of properties 
3. The property tax is a/an tax, meaning it is based onvalue.: 
ad valorem 
4. Assume the following characteristics for a single-family residence: 
Actual value=$1...
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