Iaao 101 quizzes Study guides, Class notes & Summaries

IAAO 101 – Quizzes 100% Correct

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 onsite inspections of properties The property tax is a/an _________________ tax, meaning it is based on value. - ad valorem Assume the following characteristics for a single-family residence: Actual value=$175,000; assessment level=20 percent; tax rate=92.8 mills. C...

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 characteristics for a single-family residence: Actual value=$175,000; a...

The 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 residence: Actual value=$175,000; assessment level...