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

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IAAO Course 101 Review Questions with  Verified Answers(2023/24) A+
  • IAAO Course 101 Review Questions with Verified Answers(2023/24) A+

  • Exam (elaborations) • 19 pages • 2023
  • 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.
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