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Superior School of Real Estate - Chapter 3 Exam
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Superior School of Real Estate - Chapter 3 Exam NC GS 105 NC Machinery Act (Revenue Act) -Answer-State law sets forth the process Counties carry out the details Every 8 years by appraisals Every 4 years you can make horizontal adjustments by % Define Ad Valorem -Answer-According to value; the basis for taxes on real property Define Assessed Value -Answer-The value to which a local tax rate is applied to calculate the amount of real property tax
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Superior School Of Real Estate
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Superior School of Real Estate
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