Iaao 101 assessment Study guides, Class notes & Summaries

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 Course 101 Review questions and answers 2023 Tax Rate (def.) Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) Tax revenue (amount) / Assessed value Property Tax (formula) Subject assessed value / Tax rate Budget Revenue (formula) Total budget - Other taxes Effective Tax Rate (def.) Reflects the relationship between total property taxes on real property and the property's market value. Effective Tax Ra...

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: ...

IAAO 101 Complete Study Guide with Verified Solutions | Latest 2023/2024 Tax Rate (def.) - Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) - Tax revenue (amount) / Assessed value Property Tax (formula) - Subject assessed value / Tax rate Budget Revenue (formula) - Total budget - Other taxes Effective Tax Rate (def.) - Reflects the relationship between total property taxes on real property and the property's market value. Effective Tax Ra...

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 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...

IAAO 101 Exam Questions with All 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 Assessme...

IAAO 101 Exam Questions With Verified Answers 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 single-family residen...

IAAO 101 - Review Questions & Answers | Latest 2023/2024 (Already Graded A+) 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 ___ _____...

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;...