Iaao 101 2023course - Study guides, Class notes & Summaries

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IAAO 101 2023Course Exam Review with Complete Solutions
  • IAAO 101 2023Course Exam Review with Complete Solutions

  • Exam (elaborations) • 9 pages • 2023
  • Available in package deal
  • Tax Rate (def.) - ANSWER-Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) - ANSWER-Tax revenue (amount) / Assessed value Property Tax (formula) - ANSWER-Subject assessed value / Tax rate Budget Revenue (formula) - ANSWER-Total budget - Other taxes Effective Tax Rate (def.) - ANSWER-Reflects the relationship between total property taxes on real property and the property's market value. Effective Tax Rate (formula) - ANSWER-Assessmen...
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