IAAO

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...

EXAM QUESTIONS AND CORRECT ANSWERS 2024/2025 GRADED A+. 2 / 3 1. Land: The surface of the earth and everything above and beneath it . 2. Attributes ofLand: Permanent, Unique, Finite Supply, Functional and Stationary 3. Characteristics of Land: Demand, Utility, Scarcity and Transferability 4. Raw land: unimproved land in its natural state prior to grading, construction andsubdividing. 5. Agricultural land: referred to as undeveloped land except when platted subdivi-sion 6. Improved land:...

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...