Iaao 101 questions - Study guides, Class notes & Summaries

IAAO 101 – QUESTIONS & ANSWERS (100% ACCURATE)

iaao 101 Exam | Questions with 100% Correct Answers | Verified | Updated 2024

IAAO 101 Exam Questions With Correct Answers Latest Updaed 2024/2025 (GRADED A+) 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 property value Assessment level times ...

IAAO 101 - Review Questions with Verified Answers Graded A+ 1. ad valorem 2. discovery listing valuation 3. situs 4. an appraisal 5. budget assessed valuation 6. market 7. effective tax rate 8. utility scarcity The property tax is an tax, meaning it is based on value. The assessor is responsible for the , , and of all taxable prop- erty. The taxable location of personal property is re- ferred to as its . An estimat

IAAO 101 Quizzes – Questions With Solutions

IAAO 101 - Review Questions The property tax is an ____ __________ tax, meaning it is based on value. - ANSWER ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - ANSWER discovery listing valuation The taxable location of personal property is referred to as its __________. - ANSWER situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - ANSWER an a...

IAAO 101 Quiz| questions with complete 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 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...

IAAO 101 QUIZ – QUESTIONS AND ANSWERS