IAAO 300 COMPREHENSIVE EXAM 2025/2026 QUESTIONS
AND SOLUTIONS GRADED A+ TIP
✔✔To measure and evaluate the accuracy and uniformity of new values. - ✔✔What is
the purpose of a ratio study?
✔✔Collection System - ✔✔What component of a property tax system handles the
receipt of payments and distribution of funds?
✔✔1. Data collection and maintenance
2. exploratory data analysis
3. Model development
4. Model application, review, and reconciliation - ✔✔The four components of the mass
appraisal system
✔✔resources - ✔✔Personnel, maps and data base are examples of what?
✔✔Data collection and maintenance - ✔✔sales data and income data are components
of the market data portion of what component?
✔✔Statutes or administrative rules - ✔✔Many times a reappraisal decision must be
made because of what?
✔✔edit and test - ✔✔What must be done to data collection to ensure quality control?
✔✔Appeal System - ✔✔under what component of the property tax system may property
owners dispute their values?
✔✔Field
Ratio
Pilot - ✔✔Three methods of studies to evaluate data accuracy
✔✔Discrete data - ✔✔Qualitative items that have three or more predefined values.
✔✔Data inventory manual - ✔✔Explains how to collect and code data thus ensuring
greater uniformity.
✔✔Consistency (logic) edit - ✔✔Makes sure that a number of bedrooms does not
exceed total room count or the square footage of a basement is not greater than the
square footage of the finished area.
✔✔Subjective Data - ✔✔Data items where value is a matter of judgement such as
construction, class, condition, etc.
AND SOLUTIONS GRADED A+ TIP
✔✔To measure and evaluate the accuracy and uniformity of new values. - ✔✔What is
the purpose of a ratio study?
✔✔Collection System - ✔✔What component of a property tax system handles the
receipt of payments and distribution of funds?
✔✔1. Data collection and maintenance
2. exploratory data analysis
3. Model development
4. Model application, review, and reconciliation - ✔✔The four components of the mass
appraisal system
✔✔resources - ✔✔Personnel, maps and data base are examples of what?
✔✔Data collection and maintenance - ✔✔sales data and income data are components
of the market data portion of what component?
✔✔Statutes or administrative rules - ✔✔Many times a reappraisal decision must be
made because of what?
✔✔edit and test - ✔✔What must be done to data collection to ensure quality control?
✔✔Appeal System - ✔✔under what component of the property tax system may property
owners dispute their values?
✔✔Field
Ratio
Pilot - ✔✔Three methods of studies to evaluate data accuracy
✔✔Discrete data - ✔✔Qualitative items that have three or more predefined values.
✔✔Data inventory manual - ✔✔Explains how to collect and code data thus ensuring
greater uniformity.
✔✔Consistency (logic) edit - ✔✔Makes sure that a number of bedrooms does not
exceed total room count or the square footage of a basement is not greater than the
square footage of the finished area.
✔✔Subjective Data - ✔✔Data items where value is a matter of judgement such as
construction, class, condition, etc.
