Iaao 101 c Study guides, Class notes & Summaries
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IAAO 101 Chapter 3 Review Questions and Answers/2023/A+ Graded
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IAAO 101 Chapter 3 Review Questions and Answers/2023/A+ Graded
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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
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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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IAAO 101 Chapter 3 Review questions and answers| graded A+
- Exam (elaborations) • 3 pages • 2023
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IAAO 101 Chapter 3 Review questions and answers| graded A+ 
The cost approach is premised primarily on the principle of ______________, which state an informed buyer will not pay more to build a property than the cost of a similar property with equal utility. 
substitution 
 
 
 
Cost that occur on the construction site are considered _____ costs. 
direct 
 
 
 
Building A contains 10,000 square feet and is 100' x 100'. Building B contains 10,000 square feet and is 50' x 200'. Will it cost m...
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IAAO 101 – Quizzes with Verified Answers
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IAAO 101 – Quizzes with Verified Answers 
1. The basic responsibilities of the 
assessor are to all 
taxable property. 
2. One of the steps an assessor 
must take in the discovery of 
property is to: 
3. The property tax is a/an 
tax, mean- 
ing it is based on value. 
4. Assume the following charac- 
teristics for a single-family resi- 
dence: 
Actual value=$175,000; assess- 
ment level=20 percent; tax 
rate=92.8 mills. Calculate the 
property tax for the residence. 
A. List 
B. Value 
C. Disc...
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IAAO 101 - Review Questions
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IAAO 101 - Review 
Questions 
The property tax is an ____ __________ tax, meaning it is based on value. - ANSWER 
ad valorem 
The assessor is responsible for the _______, ________, and __________ of all taxable 
property. - ANSWER discovery 
listing 
valuation 
The taxable location of personal property is referred to as its __________. - ANSWER 
situs 
An estimate of value, usually in writing, of an adequately described property, as of a 
given date, is termed ___ ___________. - ANSWER an a...
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IAAO 101 EXAM QUIZES WITH COMPLETE SOLUTIONS 2023/2024 GRADED A+.
- Exam (elaborations) • 9 pages • 2023
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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...
-
IAAO 101 – Quizzes with Correct Solutions 2024
- Exam (elaborations) • 5 pages • 2024
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IAAO 101 – Quizzes with Correct Solutions 2024 
The basic responsibilities of the assessor are to _________ all taxable property. - 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: - Answer -conduct periodic onsite inspections of properties 
The property tax is a/an _________________ tax, meaning it is based on value. - Answer -ad valorem 
Assume the following characteristics for a single-family residence: 
...
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IAAO 101 EXAM QUIZES WITH COMPLETE SOLUTIONS 2023/2024 GRADED A+.
- Exam (elaborations) • 8 pages • 2024
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- $10.39
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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 101 – Questions and Answers with Verified Solutions
- Exam (elaborations) • 11 pages • 2023
- Available in package deal
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IAAO 101 – Questions and Answers with Verified Solutions 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=$175,000;...
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IAAO 101 – Quizzes Exam 2024
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
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IAAO 101 – Quizzes Exam 2024The basic responsibilities of the assessor are to _________ all taxable property. - 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: - answer-conduct periodic on-site inspections of properties 
 
The property tax is a/an _________________ tax, meaning it is based on value. - answer-ad valorem 
 
Assume the following characteristics for a single-family residenc...
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