Iaao 101 c Study guides, Class notes & Summaries

IAAO 101; Questions & Answers 100 Solved 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

Indirect methods of measuring depreciation - Answer- -Sales comparison (Market Extraction) -Capitalization of income method Financing - Answer- The first adjustment in the sales comparison approach is Sales Comparison Approach - Answer- A fundamental strength in this approach is that it reflects the actions of the marketplace as well as what by buyers & sellers are actually doing doing and paying. -Consumer tastes/preferences -Consumer income -Price of related commodities -Consumer ...

IAAO 101 - Review Questions with complete top 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 ___ ___________. ...

Highlighted IAAO 101- chapter 1-2 questions with correct answers

iaao 101 Exam Questions with correct Answers 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 charac...

IAAO 101 - Review Questions with complete 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 a...

iaao 101 Exam Questions with correct Answers The property tax is an ____ __________ tax, meaning it is based on value. - Correct answer ad valorem" "The assessor is responsible for the _______, ________, and __________ of all taxable property. - Correct answer discovery listing valuation" "The taxable location of personal property is referred to as its __________. - Correct answer situs" "An estimate of value, usually in writing, of an adequately described property, as of a...

IAAO 101 Chapter 3 Review questions and answers 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 more to buil...

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