Iaao 101 assessment - Study guides, Class notes & Summaries

The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - Answer- Situs The type of value usually estimated by an Appraiser is the - Answer- Market Value The effective tax rate reflects the ratio between what - Answer- The current tax bill and the property value Assessment level times the tax rate equals - Answer- The effective tax rate _________ divided by the ass...

IAAO 101 - Review Questions with Certified Solutions The property tax is an ____ __________ tax, meaning it is based on value. ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. discovery listing valuation The taxable location of personal property is referred to as its __________. situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. an appraisal A jurisdiction...

IAAO 101 Questions and Answers with Verified Solutions The basic responsibilities of the assessor are to ___________________ all taxable property Discover, List, and Value 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 If a tax rate is $13.30 per $100, the decimal equivalent would be 0.1330 Actual value = $175,000; as...

iaao 101 Exam Questions And Correct Answers ad valorem - Correct Answer According to Value The basic responsibilities of an Appraiser to all taxable property. - Correct Answer 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - Correct Answer Situs The type of value usually estimated by an Appraiser is the - Correct Answer Market Value The effective tax rate reflects the ratio between what - Correct Answer The current tax b...

IAAO 101 – Quizzes Exam Questions With Complete Solutions The basic responsibilities of the assessor are to _________ all taxable property. - Correct 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: - Correct Answer conduct periodic on-site inspections of properties The property tax is a/an _________________ tax, meaning it is based on value. - Correct Answer ad valorem Assume the following char...

IAAO 101 Questions and Answers 100% Pass ad valorem According to Value The basic responsibilities of an Appraiser to all taxable property. 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' Situs The type of value usually estimated by an Appraiser is the Market Value The effective tax rate reflects the ratio between what The current tax bill and the property value Assessment level times the tax rate equals The effective tax rate

IAAO 101 2023 Test Questions with Complete Solutions The basic responsibilities of an Appraiser to all taxable property. - ANSWER 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - ANSWER Situs The type of value usually estimated by an Appraiser is the - ANSWER Market Value The effective tax rate reflects the ratio between what - ANSWER The current tax bill and the property value Assessm...

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...

iaao 101 Exam Questions With Correct Answers 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 ...

IAAO 101 2023 Quizzes with Complete Solutions 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 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 s...