Iaao 101 questions - Study guides, Class notes & Summaries

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 onsite inspections of properties

IAAO 101 – Quizzes/50 Questions and Answers

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 onsite 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; assessment level = 20 percent; tax rate= 92.8 mills. Calculate...

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; assessm...

ad valorem According to Value The basic responsibilities of an Appraiser to all taxable property. 1. Discovery 2. Listing 3. Valuation

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

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; assessment level = 20 p...

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 _________...

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

IAAO 101 – QUESTIONS WITH COMPLETE ANSWERS