Iaao 101 - Study guides, Class notes & Summaries

IAAO 101 – Quizzes/50 Questions and Answers

IAAO 101 Test Questions with All Complete Solutions Basic responsibilities of tax assessors - ANSWER Discover, List, and Value What are the rights of ownership? Bundle of rights - ANSWER Sell, Lease, Use, Give away, Enter or Leave, Right to not do anything. (S.L.U.G.E.R.) What are the Government restrictions placed on bundle of rights? - ANSWER T.E.P.E. Taxation, Eminent domain, police power, escheat In order for a property to have value, it must have? - ...

IAAO 101 Quiz with complete solutions- Latest 2023/2024 The basic responsibilities of the assessor are to _________ all taxable property. - 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: - conduct periodic on-site inspections of properties The property tax is a/an _________________ tax, meaning it is based on value. - ad valorem Assume the following characteristics for a single-family residence: Actual value...

IAAO 101 LATEST EXAM 2025 (Questions With Correct Answers) Guaranteed Pass 100%

List the four tests that the appraiser must make in the analysis of the highest and best use. - ANSWER 1. Legally Permissible 2. Physically Possible 3. Financially Feasible 4. Most Productive _______ ________ is a parcel of land and any structures or improvements that are permanently affixed thereto. - ANSWER Real Estate Property is considered ________ if it can be moved without causing any damage or change to either the item of property or the structure to which it is attached. - ANSWE...

IAAO 101 – QUIZZES QUESTIONS AND ANWERS

The basic responsibilities of the assessor are to ___________________ all taxable property - answer-Discover, List, and Value One of the steps an assessor must take in the discovery of property is to - answer-Conduct periodic on-site inspections of properties The property tax is a/an _____________________ tax, meaning it is based on value. - answer-Ad Valorem If a tax rate is $13.30 per $100, the decimal equivalent would be - answer-0.1330 Actual value = $175,...

IAAO 101; Questions & Answers Verified by Experts

IAAO 101 Exam With 100% Correct And Verified Answers 2024

IAAO 101 - Review Questions with Verified Answers 1. The property tax is an tax, meaning it is based on value. ad valorem 2. The assessor is responsible for the , discovery , and of all taxable property. 3. The taxable location of personal property is referred to as its . 4. An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed . 5. A jurisdiction's tax rate is determined by dividing the to be derived from property tax by the ...