Exam (elaborations)
IAAO Course 101 Review Questions with Verified Answers
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IAAO Course 101 Review Questions with Verified Answers 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. Effective Tax Rate (formula) Assessment ratio (level) X Tax rate
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Institution
IAAO Course 101
Course
IAAO Course 101
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Written for
- Institution
- IAAO Course 101
- Course
- IAAO Course 101
Document information
- Uploaded on
- January 13, 2024
- Number of pages
- 19
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- iaao course 101
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