Iaao 101 questions - Study guides, Class notes & Summaries
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IAAO 101 LATEST EXAM Version 2 (Questions With Correct Answers) Guaranteed Pass 100%
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IAAO 101 LATEST EXAM Version 2 (Questions 
With Correct Answers) Guaranteed Pass 100%
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IAAO 101 - Review Questions with Certified Solutions
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IAAO 101 - Review Questions with 
Certified 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 appraisal 
A jurisd...
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IAAO 101 – QUESTIONS & VERIFIED ANSWERS
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IAAO 101 – QUESTIONS & VERIFIED ANSWERS
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IAAO 101 Exam Questions With Correct Answers Latest Updaed 2024/2025 (GRADED)
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IAAO 101 Exam Questions With Correct Answers Latest Updaed 2024/2025 (GRADED) ad valorem - Answer- According to Value 
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 pr...
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IAAO Course 101 Review Questions with Verified Answers
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IAAO Course 101 Review Questions with 
Verified Answers 
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 Rate (formula) Assessment rati...
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IAAO 101 - Review Questions with 100% Correct Answers | Latest Update 2024 | Verified
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IAAO 101 - Review Questions with 100% Correct Answers | Latest Update 2024 | Verified
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IAAO 101 - QUESTIONS WITH ACCURATE ANSWERS
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IAAO 101 - QUESTIONS WITH ACCURATE ANSWERS
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IAAO 101 – Questions & Solutions (Guaranteed Pass!)
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IAAO 101 – Questions & Solutions (Guaranteed Pass!)
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IAAO 101 - Quizzes | Questions with 100% Correct Answers | Verified | Updated 2024
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IAAO 101 - Quizzes | Questions with 100% Correct Answers | Verified | Updated 2024
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IAAO 101 QUESTIONS AND ANSWERS (100% CORRECT)
- Exam (elaborations) • 6 pages • 2024
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IAAO 101 QUESTIONS AND ANSWERS (100% CORRECT)
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