Iaao 101 - Study guides, Class notes & Summaries

IAAO 101 - Quizzes with 100% correct answers.

IAAO 101 LATEST EXAM Version 2 (Questions With Correct Answers) Guaranteed Pass 100%

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 appraisal A jurisdiction's t...

IAAO 101 - QUIZZES QUESTIONS AND ANSWERS 2024

IAAO 101 EXAM NEWST VERSION QUESTIONS WITH CORRECT ANSWERS100% CORRECT IAAO 101 EXAM NEWST VERSION QUESTIONS WITH CORRECT ANSWERS100% CORRECT

IAAO 101 - Review Questions with Verified Answers Graded A+ 1. ad valorem 2. discovery listing valuation 3. situs 4. an appraisal 5. budget assessed valuation 6. market 7. effective tax rate 8. utility scarcity The property tax is an tax, meaning it is based on value. The assessor is responsible for the , , and of all taxable prop- erty. The taxable location of personal property is re- ferred to as its . An estimat

IAAO 101 Exam Questions With Correct Answers Latest Updaed 2024/2025 | 100% Correct. 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 tim...

The basic responsibilities of the assessor are to ___________________ all taxable property - CORRECT ANSWER Discover, List, and Value 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 If a tax rate is $13.30 per $100, the decimal equivalent would be - CORRECT ANSWER 0.1330 Actual value...

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 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...