IAAO 400 Exam Questions and Verified Solutions Rated 100%
A property assessment system organizes resources to carry out the primary assessment responsibilities
of , , and properties, in accordance with property tax laws and regulations. - Answers Discovery, Listing,
and Valuing
Name the 14 Attributes of an Effective Assessment System - Answers Legal, Ratio Studies, Adequate
Budget, Competent Staff/Effective Training Program, Effective Internal Controls, Organizational Plan,
Standards of Practice, Monitoring Activities, Security Procedures, Complete Maps and Property Data,
Accurate Market Data, Information Systems, Effective Valuation techniques, and Active Public Relations
Program
What must sellers disclose to assessor upon sale of property - Answers Sales price, rents, and operating
expenses
What must assessor disclose to Taxpayers - Answers Increases in tax levies
Who uses Ratio Studies and why - Answers Oversight agencies to determine compliance with laws and
regulations; also used for internal quality control
Budget - Answers An expression of political support for accurate and equitable assessments.
Planning and Quality Assurance - Answers What are the two categories under Effective Internal Controls
Planning - Answers Setting realistic and specific goals to assure laws and regulations are met.
Quality Assurance - Answers A continuous process of testing work products and flows to assure that the
plan is executed and ensure compliance with laws and regulations.
What are the three goals of the Organizational Plan? - Answers The allocation of staff time and
responsibilities
The allocation of staff duties
To avoid duplication of work
Standards of Practice - Answers A product of the laws, regulations, and guidelines, and provide the
procedures for accomplishing various tasks.
Monitoring - Answers Reviews of progress and performance
What do we monitor - Answers Quality of assessments, editing data, reviewing appraisals, and reporting
time and productivity.
T/F - Answers An audit trail is available for any change made to the data base.
What format does a efficient property assessment system have - Answers GIS
, Geographic Information System
Arms-Length - Answers Sales with knowledgeable and willing byers and sellers, under no duress, with
reasonable time on the open market with cash or equivalent value.
Models - Answers These are used to predict the values of the parcels in the jurisdiction
Why have public relations program - Answers This assists the public in understanding the assessor's job
and relays the importance of property taxation.
Appraised Values - Answers The basis for assessed values and determines the distribution of property
tax levies among taxpayers
Plan, Budget, Organize, Lead, and Control - Answers The assessor's sworn duty to see that appraised
values in their jurisdiction meet the requirements of the law which requires the assessor to :
Historical Data - Answers There is great value in looking at
System School of Management - Answers This is premised on a set of interrelated parts that work
together to achieve stated goals or objectives. It has various subsystems that must perform certain tasks
to ensure the completion of the end product. Dependent on each other to being successful.
Division of Labor - Answers The assignment of various portions of a particular task among a number of
members of the organization.
Classical Theory of Management - Answers This was primarily an authoritarian approach, with top-down
decision making
Scalar Principle - Answers This states that authority and responsibility should flow in a direct line,
vertically from the highest level to the lowest level of the organization. Establishes the "Chain of
Command" with only ONE boss
Span of Control - Answers This relates to the optimal number of employees a manager can supervise
Tall Organization - Answers In this, a manager supervises few subordinates
Flat Organization - Answers In this, a manager supervises many subordinates
Mosaic Approach - Answers The assessor's office of today portrays a approach to management since it is
made up of bits, pieces, ideas, and theories from various schools of management
Management - Answers The coordination process, equipment, and people to achieve goals and results.
A process of setting and achieving goals through functions that requires and utilizes resources.
Leadership - Answers The process of influencing individuals and groups to set and achieve goals. The
ability to empower and inspire others to plan effectively
Human, Financial, Material, and Information - Answers Management resources are:*
A property assessment system organizes resources to carry out the primary assessment responsibilities
of , , and properties, in accordance with property tax laws and regulations. - Answers Discovery, Listing,
and Valuing
Name the 14 Attributes of an Effective Assessment System - Answers Legal, Ratio Studies, Adequate
Budget, Competent Staff/Effective Training Program, Effective Internal Controls, Organizational Plan,
Standards of Practice, Monitoring Activities, Security Procedures, Complete Maps and Property Data,
Accurate Market Data, Information Systems, Effective Valuation techniques, and Active Public Relations
Program
What must sellers disclose to assessor upon sale of property - Answers Sales price, rents, and operating
expenses
What must assessor disclose to Taxpayers - Answers Increases in tax levies
Who uses Ratio Studies and why - Answers Oversight agencies to determine compliance with laws and
regulations; also used for internal quality control
Budget - Answers An expression of political support for accurate and equitable assessments.
Planning and Quality Assurance - Answers What are the two categories under Effective Internal Controls
Planning - Answers Setting realistic and specific goals to assure laws and regulations are met.
Quality Assurance - Answers A continuous process of testing work products and flows to assure that the
plan is executed and ensure compliance with laws and regulations.
What are the three goals of the Organizational Plan? - Answers The allocation of staff time and
responsibilities
The allocation of staff duties
To avoid duplication of work
Standards of Practice - Answers A product of the laws, regulations, and guidelines, and provide the
procedures for accomplishing various tasks.
Monitoring - Answers Reviews of progress and performance
What do we monitor - Answers Quality of assessments, editing data, reviewing appraisals, and reporting
time and productivity.
T/F - Answers An audit trail is available for any change made to the data base.
What format does a efficient property assessment system have - Answers GIS
, Geographic Information System
Arms-Length - Answers Sales with knowledgeable and willing byers and sellers, under no duress, with
reasonable time on the open market with cash or equivalent value.
Models - Answers These are used to predict the values of the parcels in the jurisdiction
Why have public relations program - Answers This assists the public in understanding the assessor's job
and relays the importance of property taxation.
Appraised Values - Answers The basis for assessed values and determines the distribution of property
tax levies among taxpayers
Plan, Budget, Organize, Lead, and Control - Answers The assessor's sworn duty to see that appraised
values in their jurisdiction meet the requirements of the law which requires the assessor to :
Historical Data - Answers There is great value in looking at
System School of Management - Answers This is premised on a set of interrelated parts that work
together to achieve stated goals or objectives. It has various subsystems that must perform certain tasks
to ensure the completion of the end product. Dependent on each other to being successful.
Division of Labor - Answers The assignment of various portions of a particular task among a number of
members of the organization.
Classical Theory of Management - Answers This was primarily an authoritarian approach, with top-down
decision making
Scalar Principle - Answers This states that authority and responsibility should flow in a direct line,
vertically from the highest level to the lowest level of the organization. Establishes the "Chain of
Command" with only ONE boss
Span of Control - Answers This relates to the optimal number of employees a manager can supervise
Tall Organization - Answers In this, a manager supervises few subordinates
Flat Organization - Answers In this, a manager supervises many subordinates
Mosaic Approach - Answers The assessor's office of today portrays a approach to management since it is
made up of bits, pieces, ideas, and theories from various schools of management
Management - Answers The coordination process, equipment, and people to achieve goals and results.
A process of setting and achieving goals through functions that requires and utilizes resources.
Leadership - Answers The process of influencing individuals and groups to set and achieve goals. The
ability to empower and inspire others to plan effectively
Human, Financial, Material, and Information - Answers Management resources are:*
